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Fight The Bias - Newsletter Issue #12

03/17/2001

In This Edition..... #12

SOME LOST SOUL OUT THERE ACTUALLY GETS IT 
A READER NAILS ONE 
MORE ON WHO PAYS WHAT TAXES
KENNEDYS DISTORTING JFK'S TAX CUTS 
TED TURNER OPENS HIS BIG SOCIALIST MOUTH - AGAIN








SOME LOST SOUL OUT THERE ACTUALLY GETS IT 

This letter appears in Thursday's edition of USA Today: 

“As one of the millions in the $50,000-and-belowearned-income category, I say wholeheartedly America’s wealthy deserve a tax cut as much as we do.
The wealthy pay the vast majority of taxes. They also help the rest of us by starting 
businesses, providing employment opportunities, investing in research and development, and focusing their wealth on a host of other wholesome expenditures that benefit the U.S. 
economy and all of us citizens. I refuse to fall for the class-envy rhetoric about the wealthy getting a disproportionate share of tax relief. Why shouldn’t they?
They already pay a disproportionate share of those same taxes, while using much of the 
remainder of their wealth to stimulate the American economy and, thereby, increase the 
well being of us all. Let the wealthy American taxpayers, as well as those less well off, reap the benefits of projected federal budget surpluses. After all, it is their capital, their investments, their job creation and their hard work that have provided a big percentage of those surpluses.” Jim Feeney, Medford, Oregon. It must be something in the water in Medford. Feeney isn’t in the top 5 percent of income earners --- the ones paying over one-half of the taxes – but he realizes that his job, and many other jobs, came from the investments the top 5 percent make in our economy. 

For those of you out there who like to differentiate between “working” Americans and the wealthy. Do you measure the value of work based on how many knuckles get busted and how many shirts get stained with sweat? Well, let me ask you a question. Which type of work better benefits our economy; the workday that results in three rooms in a home being covered with drywall – or the workday that results in five new jobs being created for drywall installers? 

Hey – nothing wrong with installing drywall. Done it, and it’s hard work. But the man or woman out there who starts or expands a business that employs five people who will buy five homes which will provide work for at least five drywall installers isn’t doing too shabby either. 



A READER NAILS ONE 

This is why I suffer through so much absurd e-mail (“How would you like to earn a guaranteed 

$9000 a month on the Internet?”). 

A reader wrote this morning about the Democrats getting their briefs in a bunch over the 

Republican’s use of JFK video to promote their tax cut. Here’s what this astute Reader had to say: 

“If the Democrats can use the Republican icon Reagan in support of "un"earned income tax, why can't the Republicans use the Democratic icon Kennedy in support of across-the-board tax cuts?” 

Careful, now. That’s a logical thought stream there. If any Democrat tries to come up with an answer we’re likely to get a short-circuit somewhere around the brain stem.




MORE ON WHO PAYS WHAT TAXES

So, how much do the 400 wealthiest American taxpayers pay in federal income taxes? A 
billion dollars? Two billion? Try $8.7 billion, according to a Harvard professor who 
crunched 1995 IRS data. That's enough money to fund the State Department and its 30,000 employees in 250 embassies, consulates, and other offices worldwide!

What's worse is that the $8.7 billion in income taxes paid by these 400 wealthiest taxpayers is equal to the amount of income taxes paid by more than 40 million of the lowest-income taxpayers.

Read that again. Four hundred of the highest achievers match 40 million underachievers.

Now try to tell me that these 400 taxpayers don't deserve tax relief any more than so-called "working Americans." Guess what those tax breaks will do? They'll encourage the wealthy business owners to grow their businesses, hire more people, and pay higher wages and better benefits.

Any "fair" tax cut that doesn't give the high-income-earners a big break isn't "fair" at 
all. That kind of plan serves one purpose--to shift the tax burden off the shoulders of 
lower-income Americans and onto the rich. That's class warfare at work...and it's what the Democrats are trying to achieve.

http://www.washingtonpost.com/wp-dyn/articles/A4975-2001Mar14.html




KENNEDYS DISTORTING JFK'S TAX CUTS 

The Kennedy family has jumped into the tax-cut debate. And, not surprisingly, they're 
distorting John F. Kennedy's tax cuts for their party's class-warfare agenda.
Just look at Caroline Kennedy Schlossberg's letter to Republican consultant Greg Mueller. 

She's asking Mueller to stop running the GOP's radio ad that includes a clip of JFK 
promoting his own tax cuts in 1962. She writes, "It is a dramatic misreading of history to 
compare President Kennedy's and President Bush's tax cut proposals. President Kennedy's tax cut was responsible. Only 6 percent of President Kennedy's tax cut went to those earning over $300,000 in today's dollars. The Bush tax cut gives them seven times that."

Wrong.

John Berthoud and the National Taxpayers Union have just published a 10-point analysis of the Kennedy tax cut that contradicts the Kennedy family's claims. It turns out that JFK's tax cut was primarily aimed at upper-income taxpayers. The top marginal tax rate was cut from 91 percent to 70 percent. The lowest-income taxpayers saw their tax rates drop from 20 percent to 14 percent.

It's also interesting to note that the Ted Kennedy voted for the 1964 tax-cut 
legislation.

How far will the Kennedys go for the Democratic Party? This week, they've shown that 

they'll go so far as to twist the truth about JFK's tax cuts to help the party get what they 
want.

You folks in Massachusetts must be so proud of your Kennedys!


http://dailynews.yahoo.com/h/ap/20010312/pl/kennedy_tax_cuts_3.html
http://www.ntu.org/issues/taxes/cuts/Kennedy10Facts.html




TED TURNER OPENS HIS BIG SOCIALIST MOUTH 

Ted Turner was at it again Wednesday night. He was on Capitol Hill to receive the Norman Cousins Global Governance Award for his support of the United Nations.

Then he started talking. Turner told the World Federalist Association that he was "sick of the United States bombing developing countries," including Iraq and Grenada. He said the U.S. military wouldn't bomb "big countries like Russia and China" because they "could bomb back."

He told the assembled crowd that "probably the wrong man is president" and
that the Bush administration was justifying its increase in military spending by falsely 
viewing Russia, China, and North Korea as potential enemies.

And--naturally--he gave thanks and praise to the United Nations. He said "without the U.N. we wouldn't have made it through the Cold War" and
that "we owe our very existence to the U.N."

Let's see...this is an organization ruled by socialists that for years has been trying to 
make U.S. law secondary to U.N. law...disarm people worldwide...impose strict, anti-business environmental regulations...and we owe them our existence? Puh-leeze. We owe our existence to the collapse of the Soviet Union and prudent U.S. defense policies, not an overbearing bunch of socialists who want to beat us over the head with their ideologies.

 

 

Neil Boortz is a syndicated talk show host based in Atlanta Georgia. You can visit his website at http://www.boortz.com.

 

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