The Washington Post reports, "The centerpiece provision of the
sweeping corporate tax cuts steaming through Congress would help only
about 1.1 percent of the nation's 2.2 million corporations, leaving
some of the most troubled domestic manufacturers with no benefit at
all, according to an analysis by the nonpartisan staff of Congress's
Joint Committee on Taxation." The bill, which gives top corporations
$63.3 billion in tax cuts, is going to top companies in no need of
government help: "The 500 companies that would reap the majority of
the benefit have projected estimated manufacturing income of more than
$4.5 trillion in 2005 alone, an average of $9 billion in profit each."
The findings "confirm my worst fears," Sen. John D. Rockefeller IV
(D-W. Va.) said in a letter sent to colleagues last night. "More than
95 percent of manufacturing corporations -- the presumed targeted
beneficiaries of the provision -- receive either no benefit or less
than $50,000 of benefit."
http://www.washingtonpost.com/wp-dyn/articles/A52893-2004Aug9.html
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Kerry = Vietnam War Hero
Bush = Texas Chickenshit
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