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April 13, 2004For More Information Contact:
Alice Meaker (aka Iona Bigga Yacht)
Director of Field Operations
917-406-3945 / 845-687-2058
iona@billionairesforbush.com
Pam Perd
Director of Public Relations
917-769-6060
Pam.Perd@billionairesforbush.com
FOR IMMEDIATE RELEASE
FOR INCREASING THE FORTUNES OF THE WEALTHIEST 1%
20-City Tax Day Extravaganza Set for April 15th 2004
New York, NY, April 13, 2004 — Dressed in tuxedoes and gowns, squads of Billionaires for Bush in over 20 cities will gather at local post offices on Tax Day (April 15th) to greet ordinary American taxpayers and say "Thank YOU for paying OUR taxes."
"Bush's tax cuts mean $1.1 trillion in the pockets of the richest 1% of taxpayers" said Phil T Rich, co-chairman of the Billionaires for Bush. "We understand this means higher taxes on middle class Americans, and we are here to say 'Thank YOU for paying OUR taxes.'" One trillion, 78 billion dollars is the cost of the 2001-03 tax cuts through 2010, assuming they are not allowed to expire. President Bush's intention is to ensure they do not expire.
"We understand the Bush tax cuts could have been used to bridge state fiscal gaps," noted Hal E. Burton. The cost of these cuts, $197.3 billion over three years, could have prevented nearly all of the recent state-level tax hikes and service cuts required to bridge budget gaps totaling approximately $200 billion. "But the President is a prudent man - he knows what side his bread is buttered on."
President Bush's tax initiatives have delivered 37% of the benefits to the top 1% of US income earners. The tax breaks are largely for unearned income, such as inheritance, capital gains, or dividends. By slashing these taxes, and making up for it by increasing taxes on work, Bush has, in effect, taken money from the pockets of working families and delivered it into the hands of the American Billionaire.
"Bush has been our best investment yet," exclaimed Monty Moneybucks, Sergeant at Arms for the Billionaires for Bush. "With a 67% decrease on corporate taxes, our campaign contributions have paid off handsomely."
"Taxes are not for everyone," said Iona Bigga Yacht, director of field operations for the Billionaires for Bush. "President Bush knows to tax work, not wealth!"
Billionaires acknowledge that Bush's tax cuts have transformed a projected 10-year surplus of $5.6 trillion into a large and growing debt, but they claim not to be concerned, noting it's the children of the middle class who will be paying for this debt.
To find out about B4B tax day actions around the country, from Minneapolis, MN to San Marcos, TX, visit: http://billionairesforbush.com/blog/taxday/locations
About Billionaires for Bush
Billionaires for Bush is a do-it-yourself street theater and media campaign that uses humor to flush out the truth about the Bush administration's disastrous economic policies. Billionaires for Bush is organized as an independent 527 organization, with headquarters in NYC and 38 chapters nationwide. For more information, please visit www.BillionairesforBush.com.
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