Friday, October 25, 2002 - Republican National Committee
The President's Economic Security Agenda
Our Nation is on track for sustained economic growth because of the resiliency and determination of the American people. However, the President and Republicans in Congress won’t be satisfied until every American who wants a job can find a job, and all Americans have economic security.
President Bush believes that economic freedom is the foundation for individual success and prosperity. The President’s economic agenda invests in individuals by:
Creating jobs;
Expanding opportunities to save and invest;
Providing a good education; and
Helping each American own part of the American dream.

Here is how "The President" established this new prosperity.
Replacing the current tax rates of 15, 28, 31, 36, and 39.6 percent with a simplified rate structure of 10, 15, 25, and 33 percent (see Appendix for rate schedule);

Doubling the child tax credit to $1,000 per child and applying the credit to the Alternative Minimum Tax (AMT);

Reducing the marriage penalty by reinstating the 10 percent deduction for two-earner couples;

Eliminating the death tax;

Expanding the charitable deduction to non-itemizers; and
Making the Research and Experimentation (R&D) tax credit permanent. White house

The Tax Cut passed the house March 8 and Bush signed the bill June 7 In 2001.

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