Bush gets over $30,000 in new tax breaks , & a major contributer $329,000

[G_j]

THE DAILY MIS-LEAD
< http://daily.misleader.org/ctt.asp?u=1333383&l=29022 >
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POLLS: AMERICANS NOT BUYING BUSH TAX CUT RHETORIC

President Bush is scheduled to tout his tax cuts today at a Tax Day event in
Iowa. He is expected to repeat his oft-heard mantra that tax cuts have
helped all Americans. But according to a new poll by Money Magazine, "60% of
Americans said the Bush tax cut did not personally help them" (1).
Meanwhile, almost half of all Americans say that their taxes have risen
under Bush (2). And a look at the record shows exactly why that majority
opinion is factually correct.

According to a non-partisan analysis, in the year 2006 88% of Americans will
receive less than $100 from the president's 2003 tax cut (3). Additionally,
the president has refused to extend the full child tax credit to 16 million
children (4), including 250,000 children of military families (5). At the
same time, the president's 2004 budget proposed an increase of almost $6
billion in new federal taxes and fees (6) while creating record-deficits
that have forced states to raise taxes by $14.5 billion since 2001 (7). And
to top it off, he has reduced IRS audits of large profitable corporations
whose tax rates have plummeted (8), while increasing IRS audits of ordinary
Americans (9).

Of course, there is a handful of people who are reaping a personal windfall
from Bush's tax policy: President Bush, Vice President Cheney, and their top
campaign donors. The president himself pocketed more than $30,000 in new tax
breaks this year while the Vice President took in an extra $11,000 (10). And
a new Public Campaign report shows that top Bush-Cheney contributors are
raking in even more (11). For instance, Charles Cawley, CEO of credit card
giant MBNA, raised more than $200,000 for the Bush-Cheney campaign and was
rewarded with at least $276,000 in tax breaks. Similarly, William MaGuire,
CEO of UnitedHealth Group, raised more than $100,000 for the Bush-Cheney
campaign and will get at least $329,000 in new tax breaks from President
Bush.

Sources:
1. "Money poll: Tax cuts unpopular", CNN Money, 04/15/2004,
http://daily.misleader.org/ctt.asp?u=1333383&l=29023.
2. "ASSOCIATED PRESS POLL: Most prefer balanced budget to tax cuts", Grand
Forks Herald, 04/15/2004,
http://daily.misleader.org/ctt.asp?u=1333383&l=29024.
3. "Most Taxpayers Get Little Help From Latest Bush Tax Plan", Citizens for
Tax Justice, 05/30/2003, http://daily.misleader.org/ctt.asp?u=1333383&l=29025.
4. "Bush Tax Plan's Child Credit Boost Leaves Behind One in Four of America'
s Children", Citizens for Tax Justice, 05/29/2003,
http://daily.misleader.org/ctt.asp?u=1333383&l=29026.
5. "Study: Military kids slighted on tax credit", USA Today, 06/04/2003,
http://daily.misleader.org/ctt.asp?u=1333383&l=29027.
6. "Bush's 2004 Budget Proposes More Fees", Washington Post, 04/19/2003,
http://daily.misleader.org/ctt.asp?u=1333383&l=29028.
7. State Budget & Tax Actions 2003, National Conference of State
Legislatures, http://daily.misleader.org/ctt.asp?u=1333383&l=29029.
8. "Corporate tax burden shows sharp decline", Associated Press, 04/13/2004,
http://daily.misleader.org/ctt.asp?u=1333383&l=29030.
9. "IRS More Likely to Audit Individuals", Los Angeles Times, 04/12/2004,
http://daily.misleader.org/ctt.asp?u=1333383&l=29031
ome-headlines.
10. "Bushes, Cheneys Reaped Tax Benefits", Associated Press, 04/14/2004,
http://daily.misleader.org/ctt.asp?u=1333383&l=29032.
11. Campaign Money Watch, 04/15/2004,
http://daily.misleader.org/ctt.asp?u=1333383&l=29033.

Visit Misleader.org for more about Bush Administration distortion. -->
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[Racenut20]

1. Hey, I got $43.00 Green Back Bucks...Alrigggggggggggggght!!!

[G_j]

2. just don't go hog wild

and spend it all in one place!

[beyurslf]

3. I saved $7 this year on his tax break.

If I give it back, can I have a new President?