Tax Cuts Were For The Rich AND Poor

'President Bush has enough on his plate right now - including an expensive rebuilding job after an epic natural disaster, and a global war against an enemy unlike any we have ever faced before...He shouldn't have to contend with another enemy at home, who in their relentless search for bad news, refuse to tell the truth about our healthy economy - and what it is that brought it back to good health." Investors Business Daily - Wednesday October 26, 2005(WWW.Investors.com).

The truth that the news is not telling the truth about is that this administration's extensive tax cuts are what resulted in the largely sound economy we are enjoying today. These tax cuts were across-the-board: for the rich and poor. According to Investor's Business Daily, "32% of all taxpayers, a record- pay no taxes at all." Let's make a list of what the Bush tax legislation of 2003 were about so the leftist media can get it straight.

1. Taxes for over 135 million taxpayers were lowered. (I'm sure there are poor somewhere in that vast number of taxpayers).
2. The per-child tax credit was increased from $600 to $1000.
3. A family of four with $40,000 income had their taxes reduced to about 5% of what they were. 4. The average Bush tax cut was $1,500 a year.
5. The top capital gains tax rate was cut by 25%.
6. The tax rate on dividend income was reduced.
7. Over 20 million small business owners got a tax cut of $2,200 on average.

The results, according to IBD, speak for themselves: investment has been rising since 2003 and reached historical highs this year.

But you wouldn't know it from the mainstream media reporting. I finally subscribed to a business journal which I figured had to tell the truth at least most of the time in order to stay in business. And low and behold the second newspaper I received had this very positive article. Amazing isn't it? I question how truthful the mainstream leftist media is regarding our war against terrorists - really WWIII. It takes patience and persistent hunting to find a good news outlet today. I suggest that everyone do their darn best to take the time to do this.

"What cannot be forgiven, however, is the continual misrepresentation to the American People of the condition of what is, by and large, a sound economy..."

"Just as an individual on the receiving end of enough insults will lose all self-confidence, an economy constantly bashed by the press will needlessly suffer as consumers take it for granted that the bad news is really true."

No matter what political leanings we have whether socialists or capitalists, truth must be recognized and dealt with honestly. Bush's tax cuts have worked, as they always have worked in past. People who are taxed fairly and businesses who are not overtaxed or overburdened by regulations will respond by increasing their productivity and growth. This is not news anymore. If only the mainstream media would stop hating Bush so much and deal with giving us the news truthfully.