the media just copied what the White House gave them ... leaving the (applause) in ...
"We understand how the economy works"
Simplistic lines spoonfed in a Readers' Digest format ... without saying anything .... and, they bought it ...
~snip~
"We said, the best way to get this economy going and the best way to help people find work is to let people keep more of their own money. We understand how the economy works -- if a person has more of his or her own money, they're likely to demand a good or a service. And when somebody demands a good or a service, in this economy, somebody is going to produce the good or a service. And when somebody produces a good or a service, somebody is more likely to find a job.
"And so, therefore, I went to the Congress, not once, but twice, and said, in order for people to be able to find work here in the country, let's pass meaningful, real tax relief. And I want to thank the two senators and the members of Congress who are here today for joining me in passing tax relief so people can find work. (Applause.)
"We wanted tax relief to be as broad and as fair as possible. So we reduced taxes on everybody who pays taxes. We thought that was a fair principle. Government shouldn't try to pick or choose winners and losers on who gets tax relief. If you're going to reduce taxes, reduce them on everybody, which is precisely what we did. We felt like the marriage penalty sent the wrong signal. See, we want people to be married. We think marriage is good. We think it's a part of a --(applause). But the tax code penalized marriage. And so we've reduced the marriage penalty.
"We understand that it's -- when the economy is slow and people are worried about the future, that it takes a lot to raise a child. And so we increased the child credit from $600 per child to $1,000 per child. This summer, I remember going to Pennsylvania where they were cutting the checks, and I said, the check is in the mail.
"Fortunately, it turned out to be in the mail. (Laughter.) People got money back, money in their pocket. If you had a child, you got $400 per child. That meant you're in a position to demand the additional good or a service, which meant somebody was more likely to find work here.
"We also wanted to encourage investment. If you're interested in job creation, then you must be interested in encouraging investment. When people invest in plant equipment, for example, it means somebody is going to have to produce the plant -- produce the equipment. And so we encouraged investment by quadrupling the expense deduction for small business investment. I'm going to talk a little bit about that in a second. But we also cut taxes on dividends and capital gains to encourage investment. More investment means more jobs."
(snip)
http://biz.yahoo.com/prnews/031103/dcm052_1.html
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