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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.
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