Finding the Warts in Bush's Tax Plan
Washington Post (02/11/03) p.E3; Sloan, Allan

President Bush's approach to changing the tax system has been one of making incremental changes without making one big proposal, moving from eliminating the inheritance tax to a stimulus package that eliminates income taxes on corporate dividends to new tax-favored savings plans, according to this opinion piece. Each step is debated by itself, so the larger picture is not seen, and the system moves away from making those with more money pay more taxes and could eventually weaken the support for Social Security. The end result could be a consumption tax instead of an income tax, which could be a good thing, but it should be publicly debated rather than snuck past the public, the commentary says.


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