Date: 2003-03-09 08:20 am (UTC)
Point of fact, I do agree - but the phrase the adminstration is banking on is this double taxation nonsense, which I suppose is probably trying to explain it in one-syllable terms to the voters who can't grasp the complexities of taxation, but it's still a stupid argument.

As it is, the way social programs are gutted in favor of increased military spending, one wonders where a tax cut on dividends will actually get us. How many people are, in fact, stockholders? Will this encourage investment in the stock market? Maybe.

What this does seem to have immediate effect on, really, is an increase in corporate profit. Mark me cynical, but with the deep corporate ties the current administration has, I don't think economic stimulation is the primary motivation here.
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