President Bush's 2001 and 2003 tax relief fueled economic growth and reduced the marginal rate for every income tax bracket. By the end of last year, Americans would have paid an additional $1.3 trillion in taxes had it not been for the President's tax relief. If the President's tax relief is allowed to expire at the end of 2010, Americans will pay about $280 billion more in taxes each year. With the largest tax increase in history looming, Congress should make the President's tax relief permanent.

These pending tax increases will be devastating for average American families. A typical family will pay $500 more per child in taxes, and 43 million families with children will face an average tax increase of $2,323. American families are facing higher costs in the grocery line and at the gas pump. Americans deserve to keep more of their income. If Congress allows the President's tax relief to expire:

A single parent with two children earning $30,000 would see an increase of over $1,600 in taxes.
A family of four earning $40,000 would see an increase of over $2,300 in taxes.
A family of four earning $50,000 would see an increase of over $2,100 in taxes – an increase 191 percent.
A family of four earning $60,000 would see a tax increase of approximately $1,901 in taxes – an increase of 70 percent.
A family of four earning $80,000 would see a tax increase of about $2,000 in taxes.
Democrats in Congress have signaled their support for the massive tax hike by refusing to extend President Bush's tax relief. If Congress does not act to make the tax relief permanent, the death tax will come back in full force. In addition, the tax rate on dividends will return to a maximum of 39.6 percent and the top tax rate on long-term capital gains will climb from 15 percent to 20 percent.

Originally posted by solo32_98
reply to post by mind is the universe

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I'm quite convinced that you are giving him way too much credit.
IQ of 124?
Now that's impressive

(Mine's between 128 and 134, depending who you ask).
He is a Texan hillbilly. A simpleton. He is coached before, during and after interviews.
He has poor manners, poor speech and has been in way too far over his head as president. The two "elections" that he "won" were done so amidst very sketchy circumstances, at best. Certainly no paper trail exists to prove that legitimacy of those elections.
An intelligent man would have his countries best interests at heart.
As coven pointed out earlier, a learned man "would have called for peace, not vengeance on the rubble of those towers."

Originally posted by Andrew E. Wiggin
reply to post by Cool Hand Luke

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Yeah.

I guess that money funneled to Iraq just appeared out of thin air?

Does Bush have a magic genie lamp he's getting his money from?

Because if he doesnt - it comes straight from me and you. The Tax payers.