Bending the Third Rail
Because We Should, We Can, We Do
Monday, May 22, 2006
Tax Increase?
File this under the "hidden in the middle of a bill" file:
David Cay Johnston writes in the New York Times: "The $69 billion tax cut bill that President Bush signed this week tripled tax rates for teenagers with college savings funds, despite Mr. Bush's 1999 pledge to veto any tax increase. . . .

"Mr. Bush pledged in 1999 to veto any bill that raised taxes. In response to a question about the tax increase on teenagers in the new legislation, the White House issued a statement Friday that made no reference to the tax increase, but recounted the tax cuts the administration has sponsored and stated that President Bush had 'reduced taxes on all people who pay income taxes.'

"Challenged on that point, the White House modified its statement 21 minutes later to say that Mr. Bush had 'reduced taxes on virtually all people who pay income taxes.' "
Isn't it good to know that Bush is trying to attain fiscal responsibility by taxing that grossly undertaxed group, college students?
Written at 11:04 AM by Greyhair.
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