Brown votes for tax cut for rich
U.S. Rep. Henry Brown, R-S.C., co-sponsored the $350 billion tax cut package that passed the U.S. Congress in May 2003 and became law. But the tax cut package isn't all it was purported to be, according to tax analysts. Instead of helping working Americans, the Republican Congress again helped the rich get richer.
According to the Center on Budget and Policy Priorities , the cut supported by Brown would give an average tax cut of $93,500 to those who earn $1 million or more a year. But the bottom 50 million American households would receive NOTHING AT ALL. Some 53 percent of American households (74 million households) would receive less than $100.
Additionally, the tax cut probably will cost about three times as much as the Bush Administration and Brown said, according to the Center. It said "the true cost of the $350 billion tax package approved by Congress last week may approach or even exceed $1 trillion over ten years if its provisions are extended, as the White House and Congressional Republican leaders say they intend to do." More.
U.S. Rep. Henry Brown, R-S.C., co-sponsored the $350 billion tax cut package that passed the U.S. Congress in May 2003 and became law. But the tax cut package isn't all it was purported to be, according to tax analysts. Instead of helping working Americans, the Republican Congress again helped the rich get richer.
According to the Center on Budget and Policy Priorities , the cut supported by Brown would give an average tax cut of $93,500 to those who earn $1 million or more a year. But the bottom 50 million American households would receive NOTHING AT ALL. Some 53 percent of American households (74 million households) would receive less than $100.
Additionally, the tax cut probably will cost about three times as much as the Bush Administration and Brown said, according to the Center. It said "the true cost of the $350 billion tax package approved by Congress last week may approach or even exceed $1 trillion over ten years if its provisions are extended, as the White House and Congressional Republican leaders say they intend to do." More.

