Up, not down
Bush wants to accelerate tax cuts for the rich and eliminate taxes on dividends (which pretty much only helps the wealthy). This has traditionally been known as "trickle down" economics. But Bush is promoting a different notion. From his radio address
of 26 April 2003:
I believe we should enact more tax relief, so that we can create more jobs, and more Americans can find work and provide for their families.
posted by Quiddity at 4/26/2003 09:33:00 AM
Americans understand the need for action. This week in Ohio, I met Mike Kovach, whose business is in Youngstown, Ohio. Mike started and runs a growing company, wants to hire new people, and would benefit from lower taxes. Mike says, "Anytime you can improve the bottom line of mainstream business, it's good for the city, it's good for the state, and it's great for the nation. It all trickles up, instead of trickling down."
I urge Congress to listen to the common sense of people like Mike Kovach."