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House Passes $550 Billion Tax Cut
washington post ^
| 5/9/03
Posted on 05/09/2003 12:15:52 PM PDT by knak
WASHINGTON (Reuters) - The Republican-led U.S. House of Representatives on Friday approved a $550 billion tax cut package that scales down President Bush's proposed dividend tax cut which Democrats said would favor the wealthy and add to the nation's debt.
(Excerpt) Read more at washingtonpost.com ...
TOPICS: Breaking News
KEYWORDS: bushtaxcuts
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1
posted on
05/09/2003 12:15:52 PM PDT
by
knak
To: knak
The problem is in the Senate. This is what the House has said all along.
2
posted on
05/09/2003 12:19:53 PM PDT
by
Sacajaweau
(God Bless Our Troops!!)
To: knak
Yeah, I'm the "wealthy." :rolleyes
To: knak
Why are they so hostile to the wealthy? In this economy, the wealthy can barely get by.
To: knak
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?
To: knak
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.
6
posted on
05/09/2003 12:22:58 PM PDT
by
JohnGalt
(They're All Lying)
To: Sacajaweau
The problem is in the Senate. Let us hope so.
7
posted on
05/09/2003 12:23:11 PM PDT
by
Glenn
(What were you thinking, Al?)
To: knak
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.
To: knak
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)
To: Freedom'sWorthIt
As Nelson would say ...
HAH HAH!
To: AmericanAge
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.
11
posted on
05/09/2003 12:32:43 PM PDT
by
Sacajaweau
(God Bless Our Troops!!)
To: Freedom'sWorthIt
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..
12
posted on
05/09/2003 12:34:15 PM PDT
by
fooman
(Get real with Kim Jung Mentally Ill about proliferation)
To: knak
$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.
To: PatrioticAmerican
Opps, that $25,000 billion, not $15,000 billion.
To: PatrioticAmerican
Or a 150 Trillion dollar economey with 30 trillion in raised taxes....
15
posted on
05/09/2003 12:36:15 PM PDT
by
fooman
(Get real with Kim Jung Mentally Ill about proliferation)
To: knak
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...
16
posted on
05/09/2003 12:38:07 PM PDT
by
chilepepper
(Clever argument cannot convince Reality -- Carl Jung)
To: chilepepper
My brother got this exemption. He laughed all the way to the bank.
17
posted on
05/09/2003 12:42:35 PM PDT
by
Sacajaweau
(God Bless Our Troops!!)
To: knak
This is such a MEASLEY tax cut that I am profoundly OFFENDED!!!!
To: knak
The real problem comes up with all those wealthy RAT senators like DiFei(nstein), Ketchup Man Kerry, etc.
To: AmericanAge
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.
20
posted on
05/09/2003 1:34:07 PM PDT
by
JustPiper
(If we are deemed 'far right wingers', does that make them 'left side wrongers'?)
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