Tuesday, January 07, 2003
Those of you who visit here regularly know that I don't often post political happenings, mostly because I'm usually not informed enough to speak intelligently about politics. To paraphrase an old saying, if you can't say something intelligent, you ought not say anything at all. But, I did happen to catch portions of George Bush's speech today in Chicago while listening to Rush Limbaugh. I am very excited about what Mr. Bush is planning to do--it is something that should have been done in the first place, and probably would have, if he'd had the support of Congress at that time. Here are some excerpts of the speech:
"Americans today are paying about a third of their income in taxes. All of this puts pressure on family budget, and, therefore, clouds our economic future. Americans facing these struggles are due to receive additional tax relief in 2004 and again in 2006. Republicans and Democrats in Congress already approved these tax rate reductions, and the time to deliver the tax rate reductions is now when they can do the most good for the American businesses. For the sake of economic vitality, I'm asking Congress to make all the tax rate reductions effective this year. And the tax cuts should be retroactive to January 1. Upon passage, I will order the Treasury Department to immediately adjust the amount of money withheld for income taxes so that Americans will keep more of their paychecks right away.... We also know that middle-income families need additional relief. So today, I'm asking Congress to speed up three other tax reductions promised in 2001, tax reductions that will help our middle-income families. Instead of slowly reducing the marriage penalty until 2009, we should do it now to help 35 million married couples. Instead of waiting until 2008 to move more taxpayers from the 15 percent bracket to the lowest bracket of 10 percent, we should make that change now and help 2 million working Americans. And instead of gradually raising the child tax credit from $600 to $1,000 per child by the year of 2010, for the benefit of 26 million families, we should raise it now." Read the entire speech here.
Hi, I'm Debi. Once in a while I have a thought and I like to write it down before it goes away. This is where I write it.
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