SCHAKOWSKY: BUSH ADMINISTRATIONS MISSTATEMENT OF THE DAY TAX CUTS

JANUARY 14, 2004

SCHAKOWSKY: BUSH ADMINISTRATION'S MISSTATEMENT OF THE DAY - TAX CUTS

WASHINGTON, D.C. - U.S. Representative Jan Schakowsky (D-IL) issued today's "Bush Administration's Misstatement of the Day" on tax cuts.

On January 7, 2003, President Bush said about his tax cut proposal:

"This is a plan that provides tax relief to the working citizen. It's a plan that is a very fair plan." (President Bush, as reported in the Chicago Tribune, 1/7/03)

This is not, however, what President Bush said in November of 2002 during a meeting with his economic advisors. According to a verbatim transcript of the meeting as reported on 60 Minutes9 (1/11/04), President Bush said of the same plan:

"Haven't we already given money to rich people? This second tax cut's gonna do it again." (President Bush in November 2002 according to 60 Minutes)

Read about the Bush Administration tax cuts and economic plans.