Clinton Proposes Tax Cut
By Ed 'Hack' Wheely
Posted on January 5, 2000 9:23 am, in News Byproducts
Washington (NBp) - President Clinton today announced a new tax cut package that will save taxpayers an estimated $98,000 this year, and could reduce the tax burden by millions in the coming years.
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| New line to appear on 1040 form for 2000 |
The unusual bill is the first of its kind. It is a 100% tax cut that names specific social security numbers as the group of people impacted by the cut. NBp research has shown that these social security numbers match the ones assigned to the Clintons.
"The lawmakers of this country have a duty to uphold," said Clinton. "They must strive to ensure that people do not have too much of a tax burden. This includes all Americans, no matter how high the income or the station. The tax situation is something that we'll work on, one taxpayer at a time."
Members of Congress have criticized Clinton's proposal as not being broad enough for the American people to accept. Some members have proposed a tax cut that would cover about 1,500 people which, coincidentally, is approximately the number of people in Congress and their immediate families.