Unregistered
Moderator
While I agree that Bush is not responsible for our current economic problems, I think his plan for recovery, which he is hashing out with the Democrats, is patently unfair and will do little to improve our long term economic well being.
When I first heard of his plan for a tax break, the initial reports sounded like it would be at least fair, even if it didnt do much to help the economy. Now I am not so sure.
It now sounds as if no one who makes more than $75,000 will get any money back, even though people making that much and more pay the majority of tax. The current proposal will send a check to people below that amount, even if they paid no income tax whatsoever.
So this proposal is no longer a "tax cut". If it was a tax cut, then the people who paid the tax would get a proportional amount back. Instead, it has now degenerated into a government hand-out, since people who paid no income tax will be recipients of the money.
If you don't pay tax, there is no way to get a tax cut. Its just the government giving them money.
When I first heard of his plan for a tax break, the initial reports sounded like it would be at least fair, even if it didnt do much to help the economy. Now I am not so sure.
It now sounds as if no one who makes more than $75,000 will get any money back, even though people making that much and more pay the majority of tax. The current proposal will send a check to people below that amount, even if they paid no income tax whatsoever.
So this proposal is no longer a "tax cut". If it was a tax cut, then the people who paid the tax would get a proportional amount back. Instead, it has now degenerated into a government hand-out, since people who paid no income tax will be recipients of the money.
If you don't pay tax, there is no way to get a tax cut. Its just the government giving them money.