Treasurer says Bush Plan Would Tax State Finances

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President Bush wants to exempt corporate dividends from taxation, creating a new category of tax-free investment. California-s State Treasurer, Phil Angelides, says that means competition for tax-free municipal bonds, which the state sells to pay for schools, highways, clean water and other public services, states and local governments. To encourage investors to buy them, the interest they earn is tax free. Angelides says that Bush-s plan could end up costing American taxpayers $155 billion, California taxpayers $17 billion. We hear from Angelides, and a Republican spokesman who counters that the President-s plan would infuse $30 bill into the economy, creating jobs in the private sector and boosting California-s recovery.
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LA County-s Measure B

LA County Department of Health Services

High Desert Hospital

Rancho Los Amigos

President Bush-s Economic Plan

No Dividends: How Taxpayers Lose under the Bush Plan

Governor Davis- 2003-2004 Budget Summary



Warren Olney


Frances Anderton