Tax plan caters to the rich


Published: Thursday, January 16, 2003 at 6:01 a.m.
Last Modified: Thursday, January 16, 2003 at 12:44 a.m.
Thank you Gainesville Sun for printing the chart (Jan. 8) of President Bush's tax cut plan next to the Democrat's tax cut plan. Clearly, the chart showed that Bush favors the rich while the Democrats do not.
Bush's plan would give a millionaire almost $90,000 in tax cuts (the Democrats allow only $516) and the average American earning $40,000 would only get $351 in tax cuts.
Also, Bush's plan centers around eliminating taxes on stock dividends. Who gets any significant income from dividends? Millionaires! The term class warfare is appropriate as the Bush plan is nothing more than an undeniable give-away to the rich.
When you add in payroll taxes (FICA), the Bush plan looks even worse for the average American wage earner. Most of us pay more in FICA taxes than in income taxes because those making over $87,000 don't pay any FICA on the additional income.
Bush says his plan is good for the American people. Vice President Dick Cheney says Americans who don't support Bush are unpatriotic. Aren't most all the Republican congresspersons millionaires?
So, they are voting to give themselves the lion's share of the tax cuts, while throwing the average American a bone. How's that for being patriotic?

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