Tuesday, May 30, 2006

With One Pen Stroke, Bush Raises Taxes Twice

Think Progress » With One Pen Stroke, Bush Raises Taxes Twice: "In 1999, he said he would ‘oppose and veto any increase in individual or corporate marginal income tax rates or individual or corporate income tax hikes.’

But by signing the recently passed tax cut bill, he raised marginal income tax rates for Americans living abroad. (The bill also cut taxes for the wealthy and worsened long-term deficits.)

...

The Times reported last week that the bill also ‘tripled tax rates for teenagers with college savings funds.’"

(Via Think Progress.)