Tax Breaks

By: Donald Robinson
By: Donald Robinson

President Bush introduced his $674 billion economic stimulus plan Tuesday.

The 10-year plan would do away with all federal taxes on stock dividends. Bush also proposed quick tax relief for married couples and bigger child tax credits for families.

Critics say the rich will reap the most benefits from the tax cuts. But Bush says 92 million taxpayers will see their taxes go down.

One Economist from Mary Baldwin College agrees there are some benefits now, but taxpayers will pay later.

"I am against cutting taxes so much," said Judy Klein a Professor of Economics, "this will put a great debt on the younger generation."

Klein says one thing that is missing from Bush's package is what relief will he bring to the state level.

50 North Main Street Harrisonburg, VA 22801 540-433-9191 - Switchboard 540-433- 4028 - Fax 540-433-2700 - News Fax

WSVF Public Inspection File

Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 174476 -
Gray Television, Inc.