Tuesday, September 14, 2004

Bush's Ownership You're On Your Own Society

Robyn E. Blumner
Bush's plan is to provide tax incentives for saving money in specialized accounts that would give Americans 'ownership' of their health care and retirement, rather than rely on the government to provide those benefits. But the catchy phrasing shouldn't mask the intent, which is to further starve the federal Treasury of resources and provide more tax shelters to America's 'haves and have mores,' as Bush famously called his fellow fat cats. If implemented, over time, Bush's ideas would reduce government tax rolls, cut gaping holes in the social safety net and transfer tax obligations from the wealthy to those in the middle. 'Ownership' would be primarily available to those who already own plenty.


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