House Passes $550 Billion Tax Cut

washington post ^ | 5/9/03

[Sacajaweau]

The problem is in the Senate. This is what the House has said all along.

[ElectricStrawberry]

Yeah, I'm the "wealthy." :rolleyes

[AmericanAge]

Why are they so hostile to the wealthy? In this economy, the wealthy can barely get by.

[ClearCase_guy]

The first paragraph is good. It presents two reasons why Republicans are evil, and why the Democrats are working hard to save the world from evil. Let's see ... it adds to the debt, and it helps the wealthy. OK.

And the Republican viewpoint about why this is a good thing ... I can find that summarizied ... right ... over ... where?

[JohnGalt]

So basically the 'adjustment for inflation' (AKA Bush Tax Cut 2001) will be sped up but the double taxation will be continued?

This is a major loss for conservatives.

[Glenn]

The problem is in the Senate.

Let us hope so.

[AmericanAge]

Also, the debt is overrated. This is America we're talking about; it's not like people are going to pull out their investments. ;) We could forfeit on our debt, and they'd still invest.

[Freedom'sWorthIt]

Good news. Now - lets go after the RINO's in the Senate. They should listen to the people of this country who are FED UP, FED UP, FED UP with the governing elite stomping their fellow citizens into the dust. (well, most of us are)

[MattGarrett]

As Nelson would say ...

HAH HAH!

[Sacajaweau]

Greenspan has behind Bush on this one. One small exception was that he thought the debt should be 3% rather than the 4% that the $726B would produce. The $550B should fit fine.

[fooman]

The compost never misses a chance to repeat the lie that the 'wealthy' are the ones who WORK to earn more that 100K per year.

Of course, if we really wanted to tax the 'wealthy', we would take 5% from Buffett and Gates.. each year..

[PatrioticAmerican]

$550 Billion over ten years against a $15,000 Billion budget over ten years. Not much of a tax cut, but I'll take it.

[PatrioticAmerican]

Opps, that $25,000 billion, not $15,000 billion.

[fooman]

Or a 150 Trillion dollar economey with 30 trillion in raised taxes....

[chilepepper]

I and about 3 million US citizens who live and work outside the US just got screwed. They removed the $80K/year overseas exemption...

jimmuh carter tried this about twenty five years ago and it wasn't a good idea back then, isn't a good idea now. watch the US marketing presence overseas take a nose-dive folks...

[Sacajaweau]

My brother got this exemption. He laughed all the way to the bank.

[jungleboy]

This is such a MEASLEY tax cut that I am profoundly OFFENDED!!!!

[lilylangtree]

The real problem comes up with all those wealthy RAT senators like DiFei(nstein), Ketchup Man Kerry, etc.

[JustPiper]

They say the wealthy, defined as anyone making over 100 G's a year, pay 90%-95% of federal taxes. All I know is we do not make that together and with all the 'other' taxes taken out, it winds up we work for free 4 months a year.