Democratic Underground

White House Press Release
March 28, 2001
interecepted by EarlG

THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release - March 29, 2001

STATEMENT BY THE PRESS SECRETARY

President George W. Bush today announced his new Wealth Care Initiative. The initiative is aimed at thousands of millionaires who are desperately in need of financial assistance. This important government program will seek to alleviate the unfair burdens which many of the richest members of our society currently face.

Despite growing profit margins for the U.S.'s wealthiest individuals, downsizing, wage cuts, loss of living-wage jobs, and rising costs in health care, housing and higher education has made basic survival increasingly difficult for American millionaires.

After an economic boom which left most states of the United States flush with revenue, fervent calls are being made to help America's top one percent. At a time of plenty that has led many lawmakers to argue over "how to spend the surplus," President Bush has called for a united attack on the overwhelming problems of excess cashflow.

President Bush's Wealth Care Initiative will put millionaires back on the national agenda, and he is urging religious organizations to make working on behalf of the rich a priority. He has also asked people to evaluate political policies and candidates "by how they impact those who are wealthy."

One in every five American millionaires are currently facing a growing attack on their bank accounts by the poor, the elderly, and the disabled, and the new Wealth Care Initiative will focus attention on finding ways to alleviate this threat, especially for their children's sake. Late last month, a study based on Census data said that the gap between the rich and the poor has widened alarmingly.

President Bush is committed to systemic changes rather than to short-term "fixes" (no matter how necessary these may presently be). He believes, therefore, that he must make significant expenditures in a long-term plan to put in place a national public education campaign using print, radio, and television. He has been touring the country from coast to coast as a part of this effort.

President Bush hopes that his Wealth Care Initiative will result in more Americans expressing their concerns about the unacceptably high levels of taxation that our millionaires currently face.

 

View All Articles