Bush's Bizarre Argument Against Revoking Tax Cuts for Rich
See the Capital column in today's Wall Street Journal, which has a great policy analysis of the following priceless argument from Bush:
Campaigning last weekend, President Bush offered this attack on opponent John Kerry: "He said he's only going to raise the tax on the so-called rich," the president said in Canton, Ohio. "But you know how the rich is: They've got accountants. That means you pay. That means your small business pays. It means the farmers and ranchers pay."
Someone just pointed out to me that you need a subscription to the Wall Street Journal Online to read that article, sorry about that (I have one, so I didn't realize).
ReplyDeleteCould you use cut&paste to extract a few pertinent comments, now that you've piqued our curiosity, please?
ReplyDeletePosted by Matt Bors
ReplyDeleteI live in Canton, OH and protested him at that speech. We got to get close to his motorcade. Kerry came about a month earlier and I went and saw him speak.
I don't like to post too much from any article for copyright reasons, but here's a sample analysis he does of one quote:
ReplyDelete----------------
"'You know how the rich is: They've got accountants. That means you pay.'... Is the president courting votes from cynics who say the rich avoid taxes and the rest of us pay? Claire Buchan, a White House spokeswoman, explains: "The president is noting that the so-called wealthy have the resources to hire accountants to find ways to reduce their tax bills.... Quips Jason Furman, a Kerry economist: 'If the most fortunate weren't paying taxes in the first place, why did they need the Bush tax cut?'"