If people are given the freedom to create, they do. If people are given a stake in the outcome, they succeed. President Bush's tax relief plan reflects this basic trust in the American people and confidence in the American ideal by increasing tax fairness and enhancing the performance of the economy. The current tax code is full of inequities. Many single moms face higher marginal tax rates than the wealthy.
Couples frequently face a higher tax burden after they marry.
The majority of Americans cannot deduct their charitable donations. Family farms and businesses are sold to pay the death tax. And the owners of the most successful small businesses share nearly half of their income with the government. President Bush's tax cut will greatly reduce these inequities. It is a fair plan that is designed to provide tax relief to everyone who pays income taxes.