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Friday, May 30, 2003

 

I thought the whole thing cost too much...



First Democrats complain President Bush's tax cut cost too much. Now they turn around and scream and holler because a tax credit - which by Democrat logic COSTS 3.5 BILLION DOLLARS - was eliminated FOR PEOPLE WHO PAY NO TAXES!!

From the Minnesota Star-Tribune:

WASHINGTON, D.C. -- The Bush administration on Thursday defended the decision of congressional negotiators to deny millions of minimum-wage-earning families the increased child tax credit.

White House press secretary Ari Fleischer said the new tax law was intended to help people who pay taxes, not those who are too poor to pay.

Democrats seized on the decision as an illustration of what they called the essential unfairness of legislation that provides most of its benefits to the wealthy.

They promised to propose a bill that would extend the increased credit to those denied it: most families earning from $10,500 to $26,625. The measure would cost $3.5 billion, and could embarrass Republicans if they chose to vote against it
.

A quote from Ari Fleischer says it all:

"Does tax relief go to people who pay income taxes and forgive their income taxes, or does it go above and beyond the forgiving of all income taxes, and you actually get a check back from the government for more than you ever owed in income taxes?" he said. "And this is part and parcel of the debate over tax relief. This certainly does deliver tax relief to the people who pay income taxes."



"Today's report confirms that, despite White House scare tactics, Social Security remains sound for decades to come.."

-? Senate Democratic Leader Harry Reid (NV) upon hearing reports that the Social Security and Medicare Trust Funds will go bankrupt even earlier than predicted.

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