244-185 Tax-cut vote gives Bush win
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By Andrew Taylor, Associated Press Writer
Thursday, May 11,2006
WASHINGTON - A bill awarding tax relief to investors and 15 million taxpayers facing the alternative minimum tax passed the House on Wednesday, giving President Bush and his GOP allies on Capitol Hill a long-sought election year victory.
The bill providing tax cuts worth $70 billion over five years passed by a 244-185 vote. The Senate was expected to clear the bill for Bush's signature Thursday
Why do some people think only of a Bush win or loss? Why does not more people think only of a national win or loss? Is Bush more important than the nation itself?
House Approves $70 Billion Tax Cut Bill
Thursday, May 11, 2006
WASHINGTON — A bill awarding tax relief to investors and 15 million taxpayers facing the alternative minimum tax that passed in the House goes to the Senate on Thursday, giving President Bush and his GOP allies on Capitol Hill a long-sought election year victory.
The bill providing tax cuts worth $70 billion over five years passed by a 244-185 vote. The Senate is expected to clear the bill for Bush's signature Thursday.
Because some of us believe that the national economy is doing much better when taxes are lowered. The tax cuts have not been a thorn in our debt but have stimulated growth. The problem has been spending. Spending is not aiding our economy. Government spending beyond revenues causes deficits. When taxes are lowered, people have more money to invest for their families and their companies. Great job Mr. President.
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It will also mean a 10 trillion national debt by the time Bush leaves office. Our national debt is now rising at the rate $600 a second. A rate of over $2,000,000 a day. How long is this sustainable?
Bud