Congress seeks to deliver tax cut to Bush this week

CNN ^ | 5/20/2003 | CNN

[Tuxedo]

WASHINGTON (CNN) -- Under pressure from the White House to act quickly, House and Senate Republicans said Tuesday they want to send a roughly $400 billion tax-cut and spending bill to President Bush's desk this week, but important differences between the two congressional chambers have not been settled.

[Tuxedo]

I am getting really steamed here at George Voinovich. With Taft running the state of Ohio into the 18th Century, we can ill-afford to not have a tax cut... let alone have it defeated by the RINO. At least DeWine (who is also a RINO) is voting the correct way. Time to freep George Voinovich! Don't have the numbers handy or e-mail address. C'mon Buckeye Freepers! Let's get a hold of this guy and get him straightened out!

[John Beresford Tipton]

I haven't studied the different bills but I have heard that there are some tax *increases* in there. So I don't know how much are the total *net* tax cuts, but to some extent the pain is just being allocated differently, as in a shell game.

[Tuxedo]

Honorable George V. Voinovich
317 Hart Senate Office Building
Washington, DC 20510
(202) 224-3353

[Tuxedo]

Anything is better than nothing, which is exactly what we will get if it goes down to defeat. Looks like more rebates coming to those of us with kids. Guess I could get about $800. Not too shabby.

[John Beresford Tipton]

Unfortunately my taxes might be going up under the Senate version.

[Tuxedo]

How so? Just curious. I don't know all of the nitty gritty details.

[Tuxedo]

bump

[teletech]

Will someone explain how the stimulus in this package is supposed to work? How will this affect job creation? Don't get me wrong here because I think lower taxes are great but the last round of cuts didn't seem to do much. Why is this different?

[Tuxedo]

The last round of cuts was so back-loaded as to not have any affect outside of the rebates.

[Trteamer]

Here is how it works:

It takes rich people to stimulate the economy. Period.

Take some time and think about it.
The government doesn't "invest money", rich people do.
Maybe you can get a job working for a rich person, maybe you can sell them something. It is the American way, Capitalism. Maybe you can get rich too!

So you let the rich people keep more money, what are they going to do with it, stuff it in a matress?
They invest it, start companies, expand, upgrade, MAKE JOBS!

At least that is how I see it, don't take my comments personally, I'm just throwing it out there to chew on.
All the Best

[Starstruck]

Going to make giving away taxfree millions difficult.

[meenie]

It's different because it lasts until Bush's term expires. The stock dividend cut expires in 2005. The capital gains cut expires in 2006. By then everybody will be so prosperous they will be able to pay more taxes. Of course, these accommodations were made to get some Democrats on board. The Fed is floating enough credit and the dollar is cheapening enough to make anything but a temporary blip on the tax cut radar.

[John Beresford Tipton]

"Going to make giving away taxfree millions difficult."

Yes, and thank you for your concern. However, things have changed and I feel I must tell you that neither you nor anyone else will be able to be added to Michael Anthony's list of recipients.

Mr. Anthony is no longer in my service. He said he was bored giving all those millions to worthy people such as you, Starstruck. Instead he has hooked up with that young scamp, Dick Clark, and has joined his Publishers Clearing House Prize Patrol.

So though you might keep looking down you driveway for Mr. Anthony, he will no longer be coming here to Silverstone on his way to find his "next millionaire".

On many occasions I was able to summon Michael Anthony to come to my palatial estate, Silverstone, to receive his next assignment. Unfortunately, his scoundrel of a cousin, Mordred "Tex" Anthony had me mortgage Silverstone and invest in Enron. I am now trying to get handouts from all those very same millionaires that I created, but since I did it anonymously, they think I'm a con man and slam the
door in my face.

Now alas, unfortunately "it's the old dog for the hard road."

[Terpfen]

The last round of tax cuts was phased; most of it hasn't even gone into effect yet. This current tax cut combines more cuts with speeding up the last round of cuts. Rather, it's supposed to.

[Lady In Blue]

The group also agreed to kill one particularly controversial offset, the elimination of $32 billion in tax breaks for overseas workers.

I wonder if this would be enough to bring Sen.Breaux(D-LA)on board? He fought tooth and nail to change this. What do you think?

[Tuxedo]

Hope that is enough... cuz we are gonna lose George "RINO".

[Those_Crazy_Liberals]

"The White House is seeking to win over some moderate Democrats to make up for Republicans they may lose."

Too bad those midwestern Senators aren't nearly as conservative as the people they represent.

[DeathfromBelow]

George Voinovich,

Contact through his web site.

[Tuxedo]

Wrote a scathing letter to him last night on the website. No reply yet. He is so misguided. Might as well still have John Glenn there.