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Article: Blair Hull, a capitalist worth $444 million, sounds radical
- Article from:
- Chicago Defender
- Article date:
- March 9, 2004
- Author:
CopyrightCopyright Chicago Defender Mar 09, 2004. Provided by ProQuest LLC. (Hide copyright information)
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Blair Hull, the U.S. Senate candidate for nomination by the Democrats in the March 16 primary, is taking on President George W. Bush's economic policy as if Hull intended a 21st century New Deal, or worse.
The Bush administration, a Hull policy statement says, fails to address the gap between the wealthiest Americans and those who are poor or middle-class, ignoring the 3.3 million who lost their jobs during the recession as CEO pay rose 6 percent.
And of the Bush tax plan, an abomination: The administration's "giveaway" to the rich presents nearly 70 percent of its benefits to the top 5 percent of taxpayers.
Unearned income, such as dividends, goes mainly to upper income households and is ...