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Old 08-15-2006, 09:34 PM   #16
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Quote:
Originally Posted by JerryLove View Post
Most taxpayers were positively effectced by some of the tax changes. That's true under most administrations.

Some of the tax changes Bush persued:
Lowering the income tax cap from 39% to 33%, benifiting the wealthy.
Low capital gains taxes (a major source of income for the richest Americans).
Another factor would involve the effect of such tax breaks. After Hurricane Katrina, Congress voted to cut a few hundred million dollars from welfare - at a time when poverty in America should have been seen by everyone on the nightly news.

While one might not attribute this to a tax cut, the cut cannot be ignored in the "trickle down" scheme of the Bush administration.

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