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 Home > News & Policies > January 2003

President George W. Bush addresses the Economic Club of Chicago. “As it is now, many investments are taxed not once, but twice,” said the President in his remarks. “First, the IRS taxes a company on its profit. Then it taxes the investors who receive the profits as dividends. The result of this double taxation is that for all the profit a company earns, shareholders who receive dividends keep as little as 40 cents on the dollar.” White House photo by Paul Morse
President George W. Bush addresses the Economic Club of Chicago. “As it is now, many investments are taxed not once, but twice,” said the President in his remarks. “First, the IRS taxes a company on its profit. Then it taxes the investors who receive the profits as dividends. The result of this double taxation is that for all the profit a company earns, shareholders who receive dividends keep as little as 40 cents on the dollar.” White House photo by Paul Morse
In his role as President of the Senate, Vice President Dick Cheney presides over the swearing in of 35 new senators as part of the opening of the 108th Congress Tuesday Jan. 7, 2003. Here, the Vice President congratulates newly-elected Senator Elizabeth Dole, R-N.C., in the Old Senate Chamber of the Capitol as her husband, former Senator Bob Dole, looks on. White House photo by David Bohrer
President George W. Bush signs the Temporary Extended Unemployment Compensation Act of 2002 in the Cabinet Room, Tuesday, Jan 7, 2003. Seated with the President are Sen. Bill Frist, right, Senate Majority Leader, and Congressman Dennis Hastert, left, Speaker of the House. The bill extends a federal program to provide 13 weeks of benefits for the unemployed who have exhausted their 26 weeks of state unemployment. White House photo by Tina Hager
President George W. Bush speaks to the Economic Club of Chicago, Ill., about his growth and jobs plan to strengthen the American economy Tuesday, January 7, 2003. White House photo by Paul Morse
President George W. Bush addresses the Economic Club of Chicago. “As it is now, many investments are taxed not once, but twice,” said the President in his remarks. “First, the IRS taxes a company on its profit. Then it taxes the investors who receive the profits as dividends. The result of this double taxation is that for all the profit a company earns, shareholders who receive dividends keep as little as 40 cents on the dollar.” White House photo by Paul Morse
 
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