Bush signs $136 billion corporate tax-cut bill

[Judi Lynn]

Oct. 22, 2004, 12:03PM

Bush signs $136 billion corporate tax-cut bill
By TERENCE HUNT
Associated Press
RESOURCES
• H.S. 4520: From Library of Congress
• White House statement

WASHINGTON -- With no fanfare, President Bush today signed the most sweeping rewrite of corporate tax law in nearly two decades, showering $136 billion in new tax breaks on businesses, farmers and other groups.

Intended to end a bitter trade war with Europe, the election-year measure was described by supporters as critically necessary to aid beleaguered manufacturers who have suffered 2.7 million lost jobs over the past four years.

But opponents charged that the tax package had grown into a massive giveaway that will add to the complexity of the tax system and end up rewarding multinational companies that move jobs overseas.

There was no ceremony for the bill-signing. White House press secretary Scott McClellan announced the signing on Air Force One as Bush flew to a campaign appearance in Pennsylvania.
(snip/...)

http://www.chron.com/cs/CDA/ssistory.mpl/front/2861232
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[Hawkeye-X]

1. Well, hopefully Kerry will tear up that law

and tell the outsourcing companies to stop outsourcing or face triple taxations because we are LOSING money, not gaining any money from this utter stupidity.

[VegasWolf]

2. bush really has his nose to the mirror when it comes to

economics.

Cheeny to *, "Sir the American insurgents ( err, democrats ) are rioting!"
* to Cheeny, "Good God, what should we do?"
Cheeny to *, "I don't know about you, but I'm going back to Halliburton."

New Information Shows Bush Indecisive, Paranoid, Delusional

[Occulus]

3. Oh. Shit.

"With no fanfare"??

He knows he's done. Ramping down his campaign activities, the flu vaccine situation, and now this. He's now intentionally creating a big mess for Kerry's admin to deal with.

I truly hope once Kerry takes over he'll break with tradition and offer no pardons, then set up an investigatory body himself to go after this pack of thieves.

[lovuian]

4. We go deeper and deeper in debt and Our Social Security

we can get rid of that Who needs it!!!

[Moderator]

5. Duplicate

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=924298



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