Wherever you turn, government is there with its hand out. A new 12 percent rate would apply retroactively to the beginning of 2001 and also for 2002. In accordance with President Bush s income tax rate reductions, the plan reduces other income tax rates and consolidates rate brackets. Begins to address the growing problem of the alternative minimum tax by repealing the current-law provisions that offset the refundable child credit and the earned income credit by the amount of the alternative minimum tax. Simmons concluded, Washington needs to understand that the surplus is not Washington money but money collected from the American people.
Tax cuts are good for the people and for the economy.
Four decades ago President John F. Kennedy advocated tax cuts to get the country moving again.