(More) Broken Promises
Back in 1999, George Bush said, "If elected president, I will oppose and veto any increase in individual or corporate marginal income tax rates or individual or corporate income tax hikes."
Fast forward to today: according to this story, "The $69 billion tax cut bill that President Bush signed last week triples tax rates for teenagers with college savings funds, despite Bush's 1999 pledge to veto any tax increase. "
Wait; it gets better:
So to recap, the one thing this Administration could hang it's hat on (not raising taxes) has gone the way of the dodo. Oh; and anyone 14-to-17 is screwed.
Fast forward to today: according to this story, "The $69 billion tax cut bill that President Bush signed last week triples tax rates for teenagers with college savings funds, despite Bush's 1999 pledge to veto any tax increase. "
Wait; it gets better:
In 1999, Bush pledged to veto any bill that raised taxes. In response to a question about the tax increase on teenagers in the new legislation, the White House issued a statement Friday that made no reference to the tax increase, but recounted the tax cuts the administration has sponsored and stated that Bush had "reduced taxes on all people who pay income taxes."
Challenged on that point, the White House modified its statement 21 minutes later to say that Bush had "reduced taxes on virtually all people who pay income taxes."
So to recap, the one thing this Administration could hang it's hat on (not raising taxes) has gone the way of the dodo. Oh; and anyone 14-to-17 is screwed.
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