Sunday, May 21, 2006

Bush raises taxes on Teens

According to today's article in the New York Times the tax cuts Bush passed for the mega-rich will be financed in part by tax increases on teens. Teens 14 - 17 years old who are saving for higher education will pay an extra $2.2 billion in taxes over the next decade.

By signing this GW not only broke a promise (never to raise taxes on anybody - a stupid promise in my view, but one he made nonetheless) but also discourages kids from (a) saving and (b) aspiring to higher education.

Great job George.

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