Tax cut isn't a handout
Published: Wednesday, January 22, 2003 at 6:01 a.m.
Last Modified: Tuesday, January 21, 2003 at 11:18 p.m.
I have been amazed by the recent rash of editorials and commentaries attacking the proposed Bush tax cut. There has been a steady chanting of "it's only a handout for the rich!"
Apparently, the assumption is that if the same lie is repeated loudly enough and long enough, it will magically become true. Or, at least, become believable.
The tax cut is not designed to give anything to anybody. It is designed to slightly decrease the amount of money extorted from the American taxpayer by the federal government.
Removing the marriage penalty is not a gift to the rich, nor is increasing the exemption for dependants.
Lowering taxes on dividends is a boon to anyone saving for retirement, or trying to put money away for their children's college education, or to the elderly getting by on retirement income.
The only flaw in Bush's tax cut is that it is too small. In its present form it is comparable to having a mugger toss a quarter to you after stealing your wallet. (In contrast, the Democrat-sponsored plan - true to form - would have that same mugger come back for your shoes.)
Have we reached the point where people really long for an Orwellian nightmare, in which the government is free to confiscate all of your goods, then trickle a fraction of them back to you based upon your obedience and fickle political expediency?
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