Explain the timber thing? - Democratic Underground

FlashHarry

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Fri Oct-08-04 09:11 PM
Original message

Explain the timber thing?

I hope Kerry didn't just pull that out of thin air. I don't think he did.

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dignan27

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Fri Oct-08-04 09:13 PM
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1. I know the Cheney thing is accurate I've read that elsewhere...

I really hope that the Bush thing is valid too cause there's no way the media can ignore that moment, I swear I think we're gonna be saying "need some wood?" for years to come.

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neomonkey

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Fri Oct-08-04 09:14 PM
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2. Researchville

I can't believe he'd throw that shit out without back-up.

If ever I saw a deer-in-the-headlight look, that WAS it.

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Longhorn

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Fri Oct-08-04 09:14 PM
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3. From Moveon.org's Daily Mislead:

Under Cheney's definition a small business is any taxpayer who reports some income - even just $1 - from a small business investment or partnership. By this logic, "every partner at a huge accounting firm or at the largest law firm would represent small businesses."2 Also, by Cheney's definition, President Bush would have counted as a small business in 2001 because that year "he reported $84 of business income from his part ownership of a timber-growing enterprise."3 The overwhelming majority of actual small businesses are in the lower tax brackets and would be unaffected by the Kerry proposal.4

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Blue_Roses

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Fri Oct-08-04 09:18 PM
Response to Reply #3

5. GOOD!!!

This needs to be spread far and wide--

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EstimatedProphet

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Fri Oct-08-04 09:17 PM
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4. I heard it on NPR this afternoon

Bush has a small amount of money invested in timber. Last year he made $84 on it. Under his tax laws for "small business", even though he is only a small percentage owner of the holding he is considered a small business-which is a misinterpretation of what small business really is.

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