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If President Bush is to be believed, the tax cuts that he will propose will help each and every American. True or False?
False
President Bush is a tried and true supply side Republican. And to his credit, there are two things that he understands and has made the basis of his career in government, first on the state level, and now on the federal level. The first is cutting taxes and his devotion to making reparations to the Bush, Sr. reputation.
Since 1913, when the individual income tax made its debut, the Democrats have earned their reputation as the party who raises taxes to pay for services. Over that time frame, the Democrats have boosted the individual tax six times, compared with their attempts at lowering it only twice.
The Republicans, on the other hand, have found the means to reduce taxes all but once during that time frame and it was Bush41 who broke the string. In no way am I saying that the
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current Bush is spearheading his policies to fix Daddy's reputation. What I am saying is, tax cutting is what a Republican does. But it is important to note that during that time frame, those tax cuts have done little historic good for the folks who need it.
The thinking goes like this. Republicans tend to have more money. Republicans tend to be more self sufficient as a result of this greater wealth factor, shunning vital services such as Medicaid and generally not taking advantage of earned income tax credits. They are more likely to receive dividends from their investments and if they earn more, as a result, they tend to pay a greater amount in the way of taxes.
The last part is the impetus behind the Bush tax package. He knows that his party is supporting far too many Democrats and because poor folks tend not to vote, cutting taxes for those that tend to go to the polls, guarantees one thing.
Votes. That and no one can disagree that the situation that Democrats have found themselves, is not the best.
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