grumpyvoices.com

Jan 6, 2003


In the interest of bolstering the economy, the Bush Administration is lobbying to eliminate taxes on stock dividends. Hmmmm....who is this going to help most? The rich, of course.

The tax cut, which will remove over $300 billion from federal coffers over the next 10 years would increase corporate profits by eliminating the dividend tax, but do little to promote enough investing to help turn things around.

Democratic Senator (Nevada) Harry Reid is calling the tax cut what it is - class war.

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