Wednesday, May 28, 2003
President's
Press Secretary says married and single people benefit from new tax cut law
Ari Fleisher, Press Secretary to President George W. Bush, made the following statement on the new tax cuts at a press briefing today.
"Today is the day to sign the tax bill. Today is the day to make the progress that has been made on the jobs and growth plan. In the future, the President will, of course, provide new budgets that may have ideas in them. Generally speaking, as an overall matter, the President believes that the more permanency in the tax code, the better. But the President wants to welcome today as a day of real progress in the code.
And when you look at some of these changes that have been made, they really are substantial chances. For example, the widening of the 10 percent bracket now will apply to more and more people, which helps everybody in society. That applies to single people, married people. The 10 percent lowest bracket, not only was it made retroactive in the previous tax bill, lowered from 15 percent to 10 percent in a previous tax bill, but now more people will be covered by it. That helps everybody."
