Democrats are saying that the Bush economic stimulus plan only benefits the wealthy and corporations, blah, blah, blah. You’d think they would find something new to say. President Bush is proposing the elimination of taxes on dividends paid to individuals (not corporations).
Note to Democrats: The days where the only people who owned stock were rich industrialists are long over. If you own an IRA, a 401(k), or any other private retirement account, in addition to any kind of investment account—which now includes a majority of Americans—you will benefit from this plan.
- ’‘We should do something to take care of people who work for corporations, not help the corporations necessarily,’’ the second-ranking Senate Democrat, Harry Reid of Nevada, said on NBC’s ‘‘Meet the Press.’’
If you help the corporations, they will be able to employ more people (helping the people who work for corporations) and be able to pay dividends to shareholders (helping the people who invest in the corporations) and thus help grow the economy. What is so hard for these people to understand?