Monday, January 13, 2003

NYPOST: THE NEW SWING VOTER By DICK MORRIS

THE economic calculus behind President Bush's repeal of the tax on stock dividends may or may not be sound, but there is no faulting its political math. Investors, more male than female and older rather than younger, are the swing vote of the '00s, just as soccer Moms were the keys to the politics of the '90s.
Thirty-six million Americans families earning $50,000 to $100,000 own stock - two thirds of them directly through stock purchases, mutual funds or 401(k)s. It is their withdrawal from the stock market that has caused its collapse.

Indirectly he is suggesting that the tax plan not be attacked on class grounds but as the wrong remedy as it doesn't help small investors enough for the huge tax breaks it gives large investors.

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