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WELFARE IN THE TAX CODE
NY Post ^ | June 5, 2003 | CHRIS EDWARDS

Posted on 06/05/2003 9:06:47 AM PDT by Stand Watch Listen

Edited on 05/26/2004 5:14:30 PM PDT by Jim Robinson. [history]

BY some reports, the just- passed federal tax cut favored the rich at the expense of the poor. Yet U.S. Treasury data show that lower-income taxpayers received a larger percentage tax cut than higher-income taxpayers. Families with modest incomes received an expansion in the 10 percent tax bracket, an increase in the standard deduction for married couples and an increase in the child tax credit.


(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Culture/Society; Government
KEYWORDS: code; credits; deduction; tax; taxpayers; treasury; welfare

1 posted on 06/05/2003 9:06:48 AM PDT by Stand Watch Listen
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To: Stand Watch Listen
However, exempting more citizens from tax and mailing them bigger checks is bad policy. For one thing, if over one-third of Americans think that the government is "free," they'll vote for too much of it. !!!
2 posted on 06/05/2003 10:01:30 AM PDT by RAT Patrol (Congress can give one American a dollar only by first taking it away from another American. -W.W.)
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To: Stand Watch Listen
Does any one have the BILL'S #?

I can't find any record of it being brought up yesterday.

3 posted on 06/06/2003 7:12:07 AM PDT by OXENinFLA
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