bush's regressive tax policy
I disagree with some of this WaPo analysis of Bush's tax strategy--for example, that his insistence on eliminating the inheritance tax "sounded reasonable"--but one key paragraph absolutely pegged it with regard to the Shrub administration:
Had Bush run on a platform to eliminate all taxes on investment income and to make America safe for inherited wealth, we'd be discussing the budget proposals presented last week by President Gore.
That statement applies to so many of Bush's proposals. Had he run on his current platform, he'd have been toast in 2000. And I think people are starting to catch on:
Just 38% approve of the way George W. Bush is handling the economy--– the lowest percentage since he has been in office.
BUSH’S RATING ON HANDLING THE ECONOMY
1/23/02 [Ed: I think that should be 03] 44%
I also liked this description of Bush's tax plan:
[L]ook at the president's proposals taken together, and you see what's going on. He's trying to make income from investments tax-free, which would radically transform the cherished notion of a progressive system -- that people who have done better, thanks to what this country has to offer, should pay taxes at a higher rate than the less fortunate. People get that nice glow contemplating how much this plan or that plan would save them, not realizing that the warmth they feel is the water temperature rising.
Let me rephrase that: Bush's policies revolve around the concept that if you work for your money, you owe taxes, but if your money works for you, you don't.
I sure didn't vote for this. Most of the people who voted in 2000 didn't vote for this. And now some of those who voted for Bush the first time around are realizing what they really voted for.