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Bush Says Tax Cuts Should Be Permanent
|Contributor||Gerald Farinas |
|Last Edited||Gerald Farinas Apr 15, 2004 09:14pm|
|Media||News Service - Associated Press|
|News Date||Thursday, April 15, 2004 06:00:00 AM UTC0:0|
|Description||Bush Says Tax Cuts Should Be Permanent |
The Honolulu Advertiser
On Tax Day 2004, President Bush told voters in the heartland that his policies are fattening their wallets and that tax cuts he pushed through Congress should be made permanent to fuel the economy. Among the tax cuts set to expire at year's end are an increase in the child tax credit, reductions for some married couples who would pay less if they filed as individuals, and an expansion of the bottom 10 percent tax bracket. In his remarks, Bush also highlighted positive trends in the U.S. economy and noted the 308,000 jobs added in March. But just before he spoke, the Labor Department reported that the number of Americans filing new claims for unemployment benefits shot up last week by the largest amount since 2002. The new report dealt a setback to hopes that the economy is finally beginning to produce a sustained recovery in jobs.
Kerry, who likes to remind voters about the net 1.84 million jobs lost under Bush, accused the president Thursday of misleading the public about the tax policies. "George Bush has made a big deal out of trying to convince America that he's lowered taxes for all Americans and that I'm going to come along and somehow raise taxes on Americans," Kerry told students at Howard University in Washington. "Under my plan for America, my economic plan, I'm going to provide $225 billion more in tax cuts to the middle class than George Bush ever dreamed of."