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Saturday, February 28, 2004

Washington Post Rips Bush's Tax-cut Rhetoric

Mr. Bush isn't one to let the facts get in the way of a good political argument. In fact, neither of his chief Democratic opponents wants to "take away" the tax cuts. Sens. John F. Kerry (Mass.) and John Edwards (N.C.) would both keep in place the parts of the Bush tax cuts that the president most likes to tout: the $1,000 child tax credit, marriage penalty relief, the new 10 percent tax bracket. Rather, they would undo the parts of the Bush tax cut that go to taxpayers earning more than $200,000. This group amounts to the wealthiest 2 percent, but it stands to reap 28 percent of the benefit of the tax cut this year.

When Mr. Bush trots out citizen-props to champion making the tax cuts permanent, his examples don't feature those upper-bracket types. It's hard to imagine Mr. Bush featuring a $1 million-a-year investment banker who would save close to $40,000 in taxes and talking about how the tax cuts "make it easier for families to raise their children and to realize their dreams." But it's those taxpayers who epitomize the chief difference between Mr. Bush and his Democratic rivals.
-- Washington Post (read the whole article; it's all good!)