Bush to Sign Tax Cut Bill in Iowa (swing state)

[JI7]

<WASHINGTON - Just in time for the election, President Bush is going to one of the most contested states to sign his fourth tax cut in four years.

The White House is holding the signing ceremony Monday at a YMCA in Des Moines, Iowa _ a Democratic area of a state that Bush lost by a razor-thin margin in 2000. His Democratic opponent, Sen. John Kerry, follows Bush into Iowa this week, appearing Tuesday in Tipton to discuss issues that concern middle-class Americans.

An estimated 94 million Americans will be affected by the tax relief, which keeps three middle-class tax breaks from expiring Jan. 1 and revives other tax incentives for businesses.

The tax relief will cost $131.4 billion in government revenue over the next decade. In addition, Republicans added provisions to extend 23 tax breaks for businesses that were set to expire. The biggest item in this group, which costs $12.97 billion, is a tax credit to businesses for research and development.

Kerry backed the middle-class tax breaks, saying they helped families being squeezed by a weak economy, falling incomes and rising health costs. But he has proposed rolling back the tax cuts for families making more than $200,000 and using the savings to make health care and education more affordable.>

http://www.bismarcktribune.com/articles/2004/10/04/ap/headlines/d85gjef80.txt

[CarolynEC]

1. And this trip is paid for by... ???

What a little :puke: