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Article: Wall Street Bankers, Reelection Backers; New York's Financial Titans Support Bush in a Big Way
- Article from:
- The Washington Post
- Article date:
- January 22, 2004
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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One unseasonably cool evening in late October, a group of Wall
Street bankers waited aboard a ferry in New York Harbor for the short
trip to Ellis Island and a thank-you event for major backers of
President Bush's reelection campaign.
Ordinarily, the bankers -- unaccustomed to waiting for anything --
might be annoyed. But on this night they were placid, despite the
fact that Charlie Black, a top adviser to the campaign, was running
late.
The Bush administration had given the bankers almost everything
they ever dreamed of: a reduction in dividend and capital-gains
taxes, a phase-out of the estate tax, an overall reduction in income
taxes. So they waited patiently, eager do whatever they could ...