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Tuesday, February 20, 2007

Slamming tax cuts seen as a risky move - Nation/Politics - The Washington Times, America's Newspaper

Slamming tax cuts seen as a risky move - Nation/Politics - The Washington Times, America's Newspaper: "Virtually all the Democratic presidential contenders have denounced President Bush's tax cuts and called for raising the rates on wealthier Americans, but Republican strategists say their plan will backfire in the 2008 election. Bashing the Bush tax cuts as 'tax cuts for the wealthy' has become the favorite Democratic mantra ever since he enacted his across-the-board tax-reduction plan in 2001 -- which included increased tax credits for families with children and lower tax rates for every income bracket. Every Democrat seeking the presidential nomination who was in Congress at the time voted against the Bush tax cuts and has called for repealing some of the income-tax rate reductions if they are elected president. Most say their tax increases would hit only the very wealthiest Americans earning more than $200,000 a year. Republican tax-cut advocates say: 'Don't believe it.' "

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