Question about the Bush Tax Cuts

[ignatiusr]

I was just reading Kos and found a thread about a woman in AL who was fired by her boss for having a Kerry bumper sticker on her car. Among other things, it mentions that the employer included this note in the envelopes when he paid his employees:

"Just so you will know, because of the Bush tax (cut):
I was able to buy the new Hammer Mill
I was able to finance our receivables
I was able to get the new CAT skid steer
I was able to get the wire cutter
I was able to give you a job

You got the benefit of the Bush tax cut. Everyone did."

A lot of people on Kos were outraged that he would include such a note in an office setting, as am I, but I would also like to know how truthful it was. Is he referring to the personal income tax cut he received? And if so, assuming he's a wealthy man, would the difference in the amount of taxes he was paying pre-cut compared to post-cut really be large enough to account for all of the things he listed?

Could someone more educated than I help me out here?


original kos thread: http://www.dailykos.com/story/2004/9/13/22340/7080

[kikiek]

1. Even if he did.

How does buying things for his business benefit her? Of course he should supply tools needed for workers to do their job. It is a bunch of crap. Sounds like a job you wouldn't mind losing. He is one of those people who think you should get down on your hands and knees and thank him for a job. Doesn't take into account that a business is only as good as its employees. Your business wouldn't exist without employees who do their job well. What arrogance.

[Yupster]

2. One of the tax cuts

allowed more favorable tax treatment of capital goods purchases made by businesses. It sounds like he's talking about that. Not an expert on it at all, but I believe it allowed quicker depreciation or something like that. I had clients crowing about it.