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Those Darn Tax Cuts the Dems Want to Repeal

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  • Rick Gaber
    http://freedomkeys.com/2003taxcuts.htm What the 2003 Tax Cuts Did WHAT THE 2003 TAX CUTS HAVE CAUSED $14,374,330,000,000 Total Increase in Household Wealth
    Message 1 of 1 , Oct 19, 2006
      What the 2003 Tax Cuts Did  
      WHAT THE 2003 TAX CUTS HAVE CAUSED
      • $14,374,330,000,000 Total Increase in Household Wealth Since April 2003 

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      • $5,700,000,000,000 Total Increase in Shareholder Wealth Since May 20, 2003 

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      • $863,654,000,000 Total Amount of Tax Cuts Enacted Since Fiscal Year 2003 

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      • $783,890,000,000 Total Amount of Additional Tax Cuts to be Returned to Taxpayers Through 2010

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      • $625,000,000,000 Total Increase in Federal Tax Revenues Since FY 2003 

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      • $207,788,000,000 Reduction in the Deficit in the Past 29 Months Due to Stronger Economic Growth 

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      • $98,600,000,000 Combined Income Gains for Shareholders From Dividend Increases & Tax Savings 03-05 

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      • $62,000,000,000 Surplus of Capital Gains Tax Revenue Not Accounted For By Revenue Estimators 

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      • $60,000,000,000 Deficit REDUCTION Since the Tax Cut Was Signed Into Law 

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      • 300,001,643 Total Number of Americans benefiting from President Bush’s Tax Cut 

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      • 91,000,000 Number of Individuals Owning Shares of Stock in America 

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      • 23,000,000 Number of Small Businesses Benefiting from Income Tax Reductions 

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      • 6,600,000 Number of Jobs Created Since the Tax Cut Was Signed Into Law 

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      • 12,000 The Magic Number of the Dow Jones Industrial Index is an Arms Length Away 

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      • $2,092 Tax Increase for a Family of Four With $50k of Income if Tax Cuts Are Repealed 

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      • 200 Number of House Members Who Voted Against This Growth Generating Tax Cut 

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      • 50 Number of US Senators Who Voted Against This Growth Generating Tax Cut 

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      • 25 Number of Years Dividend Paying Companies Declined Prior to the 2003 Tax Cut 

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      • 164.0% % Increase in the Dividend Tax Rate if the Income and Dividend Tax Cuts Expire 

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      • 123.0% % Increase in Dividend Income and Share Repurchases Since 2003 Tax Cut 

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      • 91.0% % Increase of Stock Ownership in the Bottom Quintile of Income Distribution Since 1995 

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      • 74.0% % Increase in S&P 500 Companies Boosting Their Dividend Since 2002 

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      • 65.0% % of Voters Who Were Investors in the 2004 Elections 

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      • 51.2% % of Total Tax Cut “Cost” That Has Been Recouped From Higher Levels of Growth 

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      • 14.0% % Margin of Victory for Republicans From Investor Voters in 2002 Elections 

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      • 4.6% Unemployment Rate Which Continues To Disprove the Constant Economic Pessimism 

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      • 3.7% % Average Quarterly GDP Growth Since Tax Cut Was Enacted (long run average is 3.3%)

      • -- from http://snipurl.com/zueb


      Negative Reporting

      Bad news is always bigger news than good news. But a study by the Business and Media Institute says when it comes to the economy, broadcast network news stories are overwhelmingly and intentionally negative.

      The year-long study of evening news programs revealed more than twice as many negative economic stories as positive — and the negative stories were in full -length reports — while the positive were in shorter forms. The study says the "CBS Evening News" went negative on the economy in 80 percent of its reports — the highest percentage among the three networks. [see http://www.businessandmedia.org ]

                    -- from http://snipurl.com/zuf6

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