Bush Aides Rethink Politics of Tax Cuts (washingtonpost.com)
Even more than past Republican administrations, Bush tax plans are heavily tilted in favor of the rich.
Aides to President Bush had favored a plan to accelerate by a year cuts in income tax rates scheduled to take effect in 2004. But Bush's political advisers, concerned that Democrats will use a class-warfare argument to fight an accelerated reduction in the top rate, have suggested dropping that plan, instead emphasizing a cut in taxes on stock dividends.
When Congress returns next month, the White House is expected to propose a $300 billion economic stimulus package that includes cuts in dividend taxation, the accelerated income tax cuts, and more generous incentives for business investment.