15 May 2003


Revolting.....

In every sense of the word.
WASHINGTON (AP) - The Senate voted Thursday to suspend taxes on stock dividends for three years, restoring the centerpiece of President Bush's economic plan in a package of tax cuts that is still half the size he wanted.

"It would encourage investment, it would encourage jobs, it would encourage growth," Sen. Don Nickles, R-Okla., said just before Vice President Dick Cheney cast the tie-breaking ballot in the 51-50 vote to abolish dividend taxes in 2004, 2005 and 2006....[Emphasis mine.]
Cheney stands to gain around a cool quarter of a million dollars each year, by most estimates, if the plan he cast the tie-breaking vote on becomes law.

How's that for democracy?

The two Democrats, Sens. Ben Nelson of Nebraska and Zell Miller of Georgia, who gave Republicans the edge they needed for passing this today should be booted come next election.

Full story here.

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