Remember this? Bush Signs Third Tax Cut Bill, Dismissing All Criticism

[NNN0LHI]

http://query.nytimes.com/gst/fullpage.html?res=9D07E1D71E31F93AA15756C0A9659C8B63

By RICHARD W. STEVENSON
Published: May 29, 2003
Correction Appended

President Bush signed into law today the third tax cut in three years, dismissing criticism of the legislation's cost, fairness and effectiveness, while casting the measure as ''essential action to strengthen the American economy.''

Despite widespread disagreement among economists about the bill's potency as economic medicine in the short run and its implications for the national debt in the long run, Mr. Bush hailed the legislation as a job-creating measure that would also put much-needed cash in the hands of working people.

''The administration's policy was never really about job creation,'' Mr. Mishel said. ''It was about shifting the burden of taxation onto wage earners and off people who have capital income, and about shrinking the government.''



Does anyone remember any Repig governors complaining about this smooth move?

[Evergreen Emerald]

1. in a coup they invaded our government and raided our treasury

pillaged / plundered / put the country and the world in upheavel and invested their ill-gotten-gains in Dubai.

[KansDem]

2. Yeah, this "strengthen the American economy" through tax cuts for the wealthy...

...is horseshit that needs to be thrown on the dungheap of "Ideas that Don't Make Sense." I remember astute American observers at the time wondering why we were to believe that by giving more wealth to the wealthy, they would turn around and invest in America. Revelations about Switzerland, Lichtenstein, and other offshore banks that offered sanctity and secrecy for American tax-cheats certainly put an end to that notion.

I hope the era of Reaganism is dead...

[DemoTex]

3. Good find, Don!

I needed ammo for some elephant hunting today.

K&R

:kick: