Regarding the Sept. 10 news article “Bush unveils economic plan at Garner plant”: No surprise it included a slew of tax cuts, mostly for big businesses.
Corporate tax rates would be lowered from 35 to 20 percent, even when they don’t pay 20 percent today after the exemptions they get. He also would stop taxing U.S. businesses abroad. How will that help create jobs here?
If this is what’s best, fine. But let’s be careful. The two things missing from his plan are how he’s going to pay for it and how it will help lower our nation’s debt.
When have these kinds of tax cuts ever “trickled down” to the rest of us? Who benefits the most?
And the elephant in the room is that the biggest contributor to today’s national debt is the unfunded tax cuts his brother helped enact in 2000. That’s right. We’ve been borrowing money from China to pay for those tax cuts. Is that a practice we want to continue?
It’s time the so-called fiscal conservatives start acting fiscally conservative.