Tuesday, January 07, 2003

Democrats Counter With Own Plan for The Economy (washingtonpost.com)

House Democrats yesterday unveiled a $136 billion, 10-year economic stimulus package that would extend unemployment benefits for more than six months and provide every taxpayer with a $300 tax credit.

The proposal is much smaller than a plan President Bush will introduce today in Chicago that would cost nearly $674 billion over the same 10 years.

An analysis by the Urban-Brookings Tax Policy Center of the effects of eliminating dividend taxation found that the average benefit for those making less than $10,000 would be $6, and the average benefit for those making more than $1 million would be $45,098.

Bush doesn't have $674 billion of your money to spend. he is going to run up the credit card and see who has to pay. The debt also creates justification for cutting everything but defense.

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