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smooth · 05-31-2003, 05:09 PM

Now there are 8 million more low-income people that aren't getting relief from the tax cut. The administration has also been using tax relief as part of next year's campaign. I wonder how many people are going to realize none of this even effects them until the next election period.

"Republicans have said for weeks that the new tax law was designed to benefit all those who pay income taxes...

The new analysis says that the taxpayers who get nothing from the tax law are primarily low-income single people who do not have children and lack income from dividends or capital gains. A large number of low- and moderate-income single parents with children over 16 will also get no benefit from the law, because it did not change the tax rate for such parents who are unmarried...

The Republican National Committee Web site describes the law in detail and summarizes the point that many members of Congress have also made this week.

"Who benefits under the president's plan?" the Web site asks. "Everyone who pays taxes — especially middle-income Americans — as tax rate reductions passed by Congress in 2001 are made effective immediately."

Ari Fleischer, the White House press secretary, made a similar point in his news briefing on Thursday, saying that people in the lowest tax bracket would "benefit the most" from the bill. "This certainly does deliver tax relief to the people who pay income taxes," he said, referring particularly to families with children. And Mr. Grassley said last week that "all taxpayers will see more money in their paychecks..."

"It's another illustration that the real purpose of this tax bill was not to give a boost to the economy now," said Robert Greenstein, executive director of the Center on Budget and Policy Priorities...

But the study's authors noted that there are 40 times as many taxpayers who get no benefit from the cuts as there are millionaires who will get 44 percent of the law's tax benefits in 2005...

"It was a conscious decision to deny relief to taxpayers at the bottom in favor of the very top," said Senator Tom Daschle, the Democratic leader. "And what's so regrettable is that it wasn't a mistake — it's part of a deliberate plan."

--2nd Study Finds Gaps in Tax Cuts

05-31-2003, 05:09 PM	#30 (permalink)
smooth Junkie Location: Right here	Now there are 8 million more low-income people that aren't getting relief from the tax cut. The administration has also been using tax relief as part of next year's campaign. I wonder how many people are going to realize none of this even effects them until the next election period. "Republicans have said for weeks that the new tax law was designed to benefit all those who pay income taxes... The new analysis says that the taxpayers who get nothing from the tax law are primarily low-income single people who do not have children and lack income from dividends or capital gains. A large number of low- and moderate-income single parents with children over 16 will also get no benefit from the law, because it did not change the tax rate for such parents who are unmarried... The Republican National Committee Web site describes the law in detail and summarizes the point that many members of Congress have also made this week. "Who benefits under the president's plan?" the Web site asks. "Everyone who pays taxes — especially middle-income Americans — as tax rate reductions passed by Congress in 2001 are made effective immediately." Ari Fleischer, the White House press secretary, made a similar point in his news briefing on Thursday, saying that people in the lowest tax bracket would "benefit the most" from the bill. "This certainly does deliver tax relief to the people who pay income taxes," he said, referring particularly to families with children. And Mr. Grassley said last week that "all taxpayers will see more money in their paychecks..." "It's another illustration that the real purpose of this tax bill was not to give a boost to the economy now," said Robert Greenstein, executive director of the Center on Budget and Policy Priorities... But the study's authors noted that there are 40 times as many taxpayers who get no benefit from the cuts as there are millionaires who will get 44 percent of the law's tax benefits in 2005... "It was a conscious decision to deny relief to taxpayers at the bottom in favor of the very top," said Senator Tom Daschle, the Democratic leader. "And what's so regrettable is that it wasn't a mistake — it's part of a deliberate plan." --2nd Study Finds Gaps in Tax Cuts