President Bush warned Congress that he would veto a bill that would increase taxes for investors, cost billions of dollars and threaten the U.S. economy.
Despite the high price tag, the June 27 announcement attracted no coverage from the major news media.
“The ramifications of this [bill] are dire for the U.S. economy, federal revenues, and ordinary investors,” wrote Phil Kerpen in National Review Online.
The bill that President George W. Bush threatened to veto was introduced by Michigan democrat Rep. Sander Levin. It would change the current rate of taxation on investment partnerships like pensions, hedge fund and venture-capital investments from the capital gains rate of 15 percent, to the income tax rate – which can be as high as 35 percent.
White House Press Secretary Tony Snow told reporters on June 27 Bush would veto any “broad moves” by Congress to change the tax rate currently in place.
“This is not an administration that's predisposed toward tax increases,” Snow told The New York Post.
Economist Larry Kudlow of CNBC explained why Bush’s veto was important during an interview on Hugh Hewitt’s radio show on June 29.
“It is precisely the president’s low capital gains tax rate, low dividend tax rate and low income tax rate that has helped this economy and stock market enormously even though the poor guy doesn’t get any credit,” said Kudlow.



















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Comments Policy
This one is easy!MSM= Bush,or
July 2, 2007 - 17:51 ET by BlazerThis one is easy!
MSM= Bush,or the GOP good:
crickets go- "chirp,chirp,chirp,chirp," (tumbleweed blows by.)
MSM= Bush, or the GOP bad:
Flares go up, dive alarm sounds, VICTORY SIREN! http://www.cynical-c.com/archives/001515.html
"You will never find a more wretched hive of scum and villainy. We must be cautious. "
- Ben Kenobi on Liberals, and the MSM.
Speaking of silent...I just
July 2, 2007 - 20:22 ET by FairlightSpeaking of silent...I just wish that newsbusters wouldn't remain silent when we need them the most.
I know they are always hard at work on something. This just is reminiscent of the feeling I had last Novemeber on NB when Nancy won. I need my newsbusters to help me through.
Even word connoisseur rosie has chimed in.
edit-nevermind...they waited for keithy-poo to start the whine list.
Let our kids pay for the fa
July 2, 2007 - 18:00 ET by Night WatchmanLet our kids pay for the fake war on terror. LOL
Why dont' you give the good
July 2, 2007 - 18:10 ET by BlazerWhy dont' you give the good folks in London, or Glasgow, or Madrid a call , or maybe contact some folks who were around the WTC's, Shanksville, or the Pentagon if you want to know more about the fake war on terror Night Watchman.
Thats the funny thing about you Liberals. Where history or current events stand, you folks cant' see past the nose on your face, or remember where you took your last dump .
"You will never find a more wretched hive of scum and villainy. We must be cautious. "
- Ben Kenobi on Liberals, and the MSM.
Blazer,I'm not at all liber
July 2, 2007 - 18:53 ET by Night WatchmanBlazer,
I'm not at all liberal, I just know we're fighting the war on terror in the wrong place.
I see at least one of the London doctor bombers is from Baghdad. I wonder what motivated him?
I appologize Night Watchman I
July 2, 2007 - 19:02 ET by BlazerI appologize Night Watchman I guess I jumped the gun on you. I haven't frequented the sight as much as I used to months ago. Sorry if I thought you were a troll.
I agree with you in the respect all along I thought the war on terror should have been directed at Syria, and Iran. Iraq was contained, and Saddam an enemy of both.
"You will never find a more wretched hive of scum and villainy. We must be cautious. "
- Ben Kenobi on Liberals, and the MSM.
Blazer,I agree 100%.
July 2, 2007 - 19:18 ET by Night WatchmanBlazer,
I agree 100%.
Well WHERE!
July 2, 2007 - 19:36 ET by PawpawNSeems to me we are fighting the WAR ON TERROR all over the world. Did you have some specific place in mind!
" I see at least one
July 2, 2007 - 19:43 ET by ckc1227"
I see at least one of the London doctor bombers is from Baghdad. I wonder what motivated him?"
Probably Bush forbidding Muslims from owning unicorns? If we're going to drift into the land of make-believe, this is just as good a reason as any.
By 'kids' is that your weird
July 2, 2007 - 18:48 ET by Jack BauerBy 'kids' is that your weird code for the United States military? Do you realize that children are not allowed to serve in the US military? You do understand that, right?
Or do you mean children taxpayers. I wouldn't put it past socialists like Hillary Clinton to start taxing kids. They love taxes, the left. I mean they wet-dream about them. Truly. It's kinda sick if you think about it.
Though I do agree it really is about time we stopped "faking" it and really started to fight a full-on, no-holds-barred war on the Islamo-fascists.
So it looks like we have found common ground. Excellent.
Chris Matthews runs away from Howard Dean
July 2, 2007 - 18:04 ET by blackrain4xmasHoward Dean hasn't been on Hardball (at least not that I've seen) since he revealed on election night that the vaunted, promised, holy grail of political gimmicks was a lie. There never was a promised Democratic Party plan for the New Direction in Iraq.
http://newsbusters.o...
While I applaud the presi
July 2, 2007 - 18:53 ET by WiggyWhile I applaud the president for vetoing any tax increase, he should have found his damn veto pen a LONG time ago.
If any of you want to see BDS and CDS in action, head on over to ThinkProgress.org and check out the comments being posted about the Scooter Libby sentence commutation.
Wiggy,How about a short preci
July 2, 2007 - 18:59 ET by BlondeWiggy,
How about a short precis? My computer doesn't like sites like that....although I suspect the lefties are going absolutely bat**** over this.
Bush should have pardoned him outright.
Guess Rating Go Up For GLUBBERMANN
July 2, 2007 - 19:44 ET by PawpawNHooRay!! What a Day!!
Lest the real truth of the da
July 2, 2007 - 19:58 ET by Dave HighLest the real truth of the day not be spoken:
“We are above the law and will do everything in our power to subjugate the constitution of the Untied States. There is no law put before us that we won’t tear asunder. We are beholden to no one except our false god. In declaring this, I George W. Bush, commute the sentence of I. Be A Scooter Pie Libby, thereby insuring lawlessness is emboldened by the highest office of the land. I do so fully acknowledging that the preservation of my own personal ass far exceeds the good of the United States of America and my own Republican party.” ~ GWB in committing his latest dishonest, despicable act to the detriment of his country.
When will you guys stand with the rest of the country and throw this awful human being out of office? He needs to be behind bars, not in the Oval Office.
Sweet Jesus, Dave High
What prison time was recieved
July 2, 2007 - 20:03 ET by SemperrightWhat prison time was recieved when "I did not have sex with that woman" was charged and convicted of the same crime?
Anyone.
Anyone keeping score of slick willies pardons to GWB's commutations?
Imagine! A man denying he h
July 2, 2007 - 20:16 ET by Dave HighImagine! A man denying he had sex outside of marriage. Almost inconceivable, no? What does this have to do with the GWB administration’s endless transgressions that have resulted in the deaths of hundreds of thousands of innocent human lives, outed an entire CIA Weapons of Mass Destruction undercover operation, etc., etc., need I go on? Get a perspective, please!
DH
Oh please, Dave High....go on
July 2, 2007 - 20:18 ET by BlondeOh please, Dave High....go on.
Your whining and talking points are extremely amusing.
Stupid, but amusing.
Blot those tears, little man,
July 2, 2007 - 20:20 ET by Roger the ShrubberBlot those tears, little man, and head on over to the open thread, where you can rant and rave all you want. Let that BDS flag fly!
Dave is high,I believe the cr
July 2, 2007 - 20:24 ET by SemperrightDave is high,
I believe the crime is "Lying under oath" not "Not lying under oath about really really important stuff"
Did you get your "perspective" from drinking bong water?
Back to your shanty
Outed What!!
July 2, 2007 - 20:46 ET by PawpawNDo you write fiction novels? Outed an entire CIA Weapons of Mass Destruction undercover operation, endless transgressions, etc. Boy your imagination is SOOOOOOO Big, you must be a fiction writer or a Hollywood type!!
I'm not sure but, wasn't Sc
July 2, 2007 - 20:39 ET by Night WatchmanI'm not sure but, wasn't Scooter Libby Mark Rich's lawyer?
Ha Ha, Dave....Glad you'r enj
July 2, 2007 - 20:04 ET by BlondeHa Ha, Dave....
Glad you'r enjoying this. It does my heart good to see a lib suck wind and have a fit.
Ha, Ha Blonde; you're blonde
July 2, 2007 - 20:20 ET by Dave HighHa, Ha Blonde; you're blonde (real, or not). 'Bout sez it all.
DH
Really, really weak, Dave.Cal
July 2, 2007 - 20:22 ET by BlondeReally, really weak, Dave.
Calling me "blonde (real or not)".
That's been done a thousand times.
And bothers me not a whit.
Silly troll, try again.
Dave High = Greek word meaning TROLL
July 2, 2007 - 20:28 ET by Free StinkerBlonde: 7
Troll: nil
Ha, ha. People make fun of
July 2, 2007 - 20:45 ET by Dave HighHa, ha. People make fun of my name, too and have for always and forever. At least I use my real name. It's hard to correspond with someone who doesn't. How do people do it? The miracle of the Internet, No?
Dave High
You have lived up to your nam
July 2, 2007 - 20:52 ET by botgYou have lived up to your name
Is your middle name Sonamushroom?
“The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.” -Chief Justice John Roberts
Sure you do.....Nightnoise.Yo
July 2, 2007 - 20:54 ET by BlondeSure you do.....Nightnoise.
You forget alot....I don't.
So just give yourself a little chubby for posting with your "own" name.
How does that feel.......better?
I used to post as Nightnoise,
July 2, 2007 - 21:00 ET by Dave HighI used to post as Nightnoise, but came clean. By the way, how did you know I have a chubby? You little (or big?) blonde succubus, you!
DH
It's in the BDS handbook: all
July 2, 2007 - 21:06 ET by botgIt's in the BDS handbook: all BDS sufferers get chubby when they hallucinate that Olberdoof has credible evidence against Bush
“The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.” -Chief Justice John Roberts
Yes, Mr. proud of posting und
July 2, 2007 - 21:07 ET by BlondeYes, Mr. proud of posting under his own name.....who used to post as "Nightnoise".
Sheesh...you are getting even too boring for me to bat around.
Who cares?
You are a troll, and not a very special one, at that.
Blonde:I will see get you i
July 2, 2007 - 21:12 ET by Dave HighBlonde:
I will see get you in my dreams.
Not really, but goodnight.
DH
Good riddance, Nightnoise.
July 2, 2007 - 21:15 ET by BlondeGood riddance, Nightnoise.
I said goodnight, you said go
July 2, 2007 - 21:29 ET by Dave HighI said goodnight, you said good ridance. Is this the liberal/conservative divide, or what? I have always thought that liberals are more polite than conservatives. Perhaps "good ridance" is polite in your social circle?
DH
Good ridance? Sorry: I ha
July 2, 2007 - 21:38 ET by Dave HighGood ridance? Sorry: I hate to misspell, but I am prone. Much like GWB can’t talk. Well, maybe not that bad. After posting, I realized ridance is spelled riddance.
Peace, DH
I hate to misspell, but I am
July 2, 2007 - 21:43 ET by botgI hate to misspell, but I am prone
what's lying down got to do with it?
BTW your comment before goodnight was way beyond the pale, and you come back saying libs are more polite?
“The way to stop discrimination on the basis of race is to stop discriminating on the basis of race.” -Chief Justice John Roberts
Laughable Dave High, to say t
July 2, 2007 - 20:19 ET by BlazerLaughable Dave High, to say the least about you, and your brethren, considering Cold Cash Jefferson, and Sandy Burglar are still walking around free men. Not to mention John (Abscam) Murtha, and the veritable who's who of felons Clinton pardoned. POOOOOLEEEEZE!
Reserve your blatantly retarded hypocrisy for Huffpo, Dkos, and Pandagon. You can all sit down for a circle jerk, and enjoy a plate of sour grapes with a side of crow.
"You will never find a more wretched hive of scum and villainy. We must be cautious. "
- Ben Kenobi on Liberals, and the MSM.
To my knowledge neither Jeffe
July 2, 2007 - 20:37 ET by Dave HighTo my knowledge neither Jefferson nor Berger were convicted of a federal offense and sentenced to hard jail time. Your Scooter Pie was and it took our meaningless, without a rudder president to give him a "get out of jail free" card. You should all be very embarrassed for and disgusted with the GWB administration's outing of a CIA WMD operation, devised only to discredit Wilson. Why you are not, I cannot know. It is truly anti-American at its worst. What they have done is more than despicable given our current "war on terror." Big surprise that GWB had to cover this one up, as well. Next up: Scooter Pie receives the National Medal of Freedom Award for... helping the Dickster out a CIA operation!!!
DH
Be embarrassed. Be very embarrassed.
NY TIMES
July 2, 2007 - 20:49 ET by PawpawNLet's see, wasn't it the NY TIMES that outed everything. Wasn't it ARMITAGE who did such also. Libby never outed anyone. Geez, you gotta love that Karl Rove weather machine, it brings sunshine after dark tonight!!
Ahem...... Dave excuse me but
July 2, 2007 - 20:51 ET by BlazerAhem...... Dave excuse me but WTF are you smoking? Are you serious? The reason Sandy Burglar wasn't put under 20' of concrete, is because he was covering for Clinton who stonewalled the American people on national security, and singlehandedly made sensitive documents disappear that may have tarnished Slick Willies legacy. These two guys alone are responsible for more American deaths, and compromises to our national security than anyone!
The DNC is dragging it's feet on Cold Cash Jefferson because the Democrat Black Caucus threatened to take action. Not to mention always remember, DNC=good, GOP=bad, no matter what! This guy had the Louisiana National Guard fly him to his house during Katrina to rescue his coveted kickbacks instead of rescuing people.
The reason these guys are not in a Supermax learning to play the skinflute is because of pure unexpurgated partisanship. Now go drink some more Kool-Aid.
"You will never find a more wretched hive of scum and villainy. We must be cautious. "
- Ben Kenobi on Liberals, and the MSM.
Not to mention always remem
July 2, 2007 - 22:03 ET by motherbeltNot to mention always remember, DNC=good, GOP=bad, no matter what! -Blazer
And the standard for Republicans is: guilty (and must resign) the minute an accusation is made.
For Democrats: Innocent until you admit you are guilty (regardless of evidence.)
Democrats never do anything w
July 2, 2007 - 21:22 ET by SmartypantsDemocrats never do anything wrong, just ask his High-ness. Bush is responsible for the deaths of thousands of people? And, in liberal land, Islamic fundamentalists are just misunderstood. They were really looking for the runway when they slammed those planes into the WTC and the Pentagon. When they cut heads off of innocent civilians and film it for posterity, it's merely a party gag. What happened in Abu Gharib is far worse. I'd much rather have my head cut off with a dull knife than have someone strip my clothes off and embarrass me. Wouldn't you? Bush = Hitler after all, and Clinton only lied about sex--nothing else. Bush is a liar, not because there is any concrete evidence of him lying, but because the left says so; that's enough for me.
Liberals would actually be funny if they weren't so horribly dangerous.