In other words: A discussion of The Bush Administration
Bush Plans Tax Code Overhaul
Changes Would Favor Investment, Growth
Or you could also headline it as:
Bush Plans New Giveaways For Friends
Changes Would Favor People to Rich to Work, Leave Actual Productive People Without Health InsuranceInstead the administration plans to push major amendments that would shield interest, dividends and capitals gains from taxation, expand tax breaks for business investment and take other steps intended to simplify the system and encourage economic growth, according to several people who are advising the White House or are familiar with the deliberations.I don't know how you can read those paragraphs and think that is a good idea or fair. And guess what, as much as I'm not happy with the idea of a scoiety based almost solely on consumerism, it has been proven that if you want a good economy you give money to those who spend it. Yes investment is good for the economy, but spending it is better and Bush's changes take away money from the people who spend the highest portion of their incomes.
The changes are meant to be revenue-neutral. To pay for them, the administration is considering eliminating the deduction of state and local taxes on federal income tax returns and scrapping the business tax deduction for employer-provided health insurance, the advisers said.
- rob 1:09 PM - [PermaLink] -
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