Tax Cuts and Class Warfare

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The centerpiece of President Bush-s economic stimulus package is ending the tax on corporate dividends. As the President takes heat for his plan, each side is accusing the other of -class warfare.- Yet, while Republicans concede that repealing the tax will benefit the rich more than anyone else, Democrats may have a hard time generating resentment from the poor and the middle class. Is that because most Americans buy the argument that tax cuts will trickle down and stimulate the economy, or because they hope that, one day, they-ll be rich too? Is it good politics to bash rich people in a country where everybody wants to be one? We hear more about hubris, high hopes and economic history with experts from New York Times and Barron-s, former Republican political strategist Kevin Phillips, The Nation-s Marc Cooper, and an economic advisor to then-President Ronald Reagan.
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Warren Olney