[ilgipper]

So, what are the rates going to be now? I forget the long-term details of the 2001 cut? What are the rates changing to retroactive to Jan.1?

[Pukin Dog]

2001 tax rate reductions were just the first step in a series of income tax rate reductions to be phased in by 2006; by that year the 39.6 percent tax rate will have dropped to 35 percent, the 36 percent rate to 33 percent, the 31 percent rate to 28 percent, and the 28 percent rate to 25 percent.

Under the new tax cut plan, those new tax rates go into effect right now and retroactive to Jan.1. So you see, we are actually getting a lot more than what the media is telling you. We get all the first tax cut NOW, instead of over 10 years, and we get another 350M in cuts from the Marriage penalty and Capital Gains cuts, and THEN we get a dividend cut on top of that.

Bush's tax cuts are now on a scale similar to what Reagan did, and Bush still has 5 and 1/2 years to do even more. Be happy, grasshopper!