Bush cannot allow Gore to run all over him with the same argument tonight. To make this point, Bush needs to make the connection between tax cuts and expanded economic prosperity. Bush should keep saying that. In contrast, wealthy taxpayers get about a 10 percent reduction in their bill. Also, the tax cut isn't for the wealthy 1 percent, but the working 100 percent.
Wealthy taxpayers have the highest saving rates.
In a real sense, their income is actually investment capital. Tax policy should not discriminate against the geese that lay the golden eggs. Joe Lieberman said last week in the vice presidential debate that God created all of us equal. That should go for not just gays, but upper-income taxpayers. Tax cuts improve rewards and incentive for capital formation, which in turn leads to greater productivity.