| − | Though the liberal media continues to disparage Bush's handling of the economy, they neglect to report all aspects of the economy are at historically high levels. This is partially due to changes in the stock market that lead to a record high in 2007. Corporations show profits growing by double digits growth.<ref>http://www.usatoday.com/money/markets/us/2006-05-08-mart-usat_x.htm</ref> Even the working class is benefiting from the Bush economy, as unemployment hits an all time low in March 2007.<ref>http://news.yahoo.com/s/ap/economy</ref> Bush worked with Democrats to raise the minimum wage to a more livable level.<ref>http://www.washingtonpost.com/wp-dyn/content/article/2006/12/20/AR2006122001784.html</ref> Tax policies have been favorable to reducing the Capital Gains Tax, with a subsequent surge in investment.
| + | Upon gaining office in 2001, Bush signed into law a $1.35 trillion cut in [[taxation]] over 10 years. The plan included the objectives of doubling the child tax credit from $500 to $1,000, reducing the tax penalty on [[marriage|married couples]] and fully repealing the tax on estates. A [[United States Senate]] Finance Committee Report estimated that with all the planned reductions fully phased in, the average family of four making $50,000 would save $1,825 per year.<ref>[http://archives.cnn.com/2001/ALLPOLITICS/06/07/bush.taxes/ $1.35 trillion tax cut becomes law], CNN, 21 June 2001</ref> |
| | + | Bush has presided over a period of general economic growth. This is partially due to changes in the stock market that lead to a record high in 2007. Corporations show profits growing by double digits growth.<ref>http://www.usatoday.com/money/markets/us/2006-05-08-mart-usat_x.htm</ref> Even the working class is benefiting from the Bush economy, as unemployment hits an all time low in March 2007.<ref>http://news.yahoo.com/s/ap/economy</ref> Bush worked with Democrats to raise the minimum wage to a more livable level.<ref>http://www.washingtonpost.com/wp-dyn/content/article/2006/12/20/AR2006122001784.html</ref> Tax policies have been favorable to reducing the Capital Gains Tax, with a subsequent surge in investment. |