Funny this hasn't been posted yet
Gephardt's press release
<snip>
"While Howard Dean was cutting taxes for companies like Enron and cutting spending on Medicaid, public education and prescription drugs for seniors, Bill Clinton and I proved you can balance the budget a different way."
</snip>
Here is a "news" story on the matter.
For Dean, 'captive' insurance a Vt. boon
<snips>
Howard Dean is fond of criticizing politicians who provide tax breaks to "large corporate interests," and one of his favorite campaign lines is a blast at the Bush administration for doling out tax cuts to top executives of Enron Corp.
But during Dean's 11 years as Vermont governor, he enacted tax breaks that attracted to the state a "Who's Who" of corporate America -- including Enron -- to set up insurance businesses. Indeed, Dean said in 2001 that he wanted Vermont to "overtake Bermuda" as the "world's largest" haven for a segment of the insurance industry known as "captives," which refers to firms that help insure their parent companies.
...
As a presidential candidate, Dean has attacked Bush for giving tax breaks to "Ken Lay and the boys who ran Enron." But Enron apparently was attracted to Vermont because of the benefits offered under Dean's administration. Dean, who became governor in 1991, cut taxes in 1993 by up to 60 percent on the premiums paid by the parent companies to the captives at the same time he was raising the state sales tax and cutting spending. Dean's tax cuts on captives set off Vermont's boom in that industry
...
In 1996, the Clinton administration tried to end the deductibility of some captive premiums as part of its effort to reduce the federal deficit. The measure, which would have imposed $100 million in federal taxes and might have killed much of the US captive industry, was opposed by Dean, who wrote a letter to President Clinton complaining that the idea was "bad public policy," according to a 1996 article in Business Insurance.
</snips>
Anyway - I wonder if this gives any more weight to the sealed records issue. In Gephardt's eyes it does anyway. IMO it atleast takes away his accusations about Bush's supposed "tax breaks for big business" and Enron.
CkG
Gephardt's press release
<snip>
"While Howard Dean was cutting taxes for companies like Enron and cutting spending on Medicaid, public education and prescription drugs for seniors, Bill Clinton and I proved you can balance the budget a different way."
</snip>
Here is a "news" story on the matter.
For Dean, 'captive' insurance a Vt. boon
<snips>
Howard Dean is fond of criticizing politicians who provide tax breaks to "large corporate interests," and one of his favorite campaign lines is a blast at the Bush administration for doling out tax cuts to top executives of Enron Corp.
But during Dean's 11 years as Vermont governor, he enacted tax breaks that attracted to the state a "Who's Who" of corporate America -- including Enron -- to set up insurance businesses. Indeed, Dean said in 2001 that he wanted Vermont to "overtake Bermuda" as the "world's largest" haven for a segment of the insurance industry known as "captives," which refers to firms that help insure their parent companies.
...
As a presidential candidate, Dean has attacked Bush for giving tax breaks to "Ken Lay and the boys who ran Enron." But Enron apparently was attracted to Vermont because of the benefits offered under Dean's administration. Dean, who became governor in 1991, cut taxes in 1993 by up to 60 percent on the premiums paid by the parent companies to the captives at the same time he was raising the state sales tax and cutting spending. Dean's tax cuts on captives set off Vermont's boom in that industry
...
In 1996, the Clinton administration tried to end the deductibility of some captive premiums as part of its effort to reduce the federal deficit. The measure, which would have imposed $100 million in federal taxes and might have killed much of the US captive industry, was opposed by Dean, who wrote a letter to President Clinton complaining that the idea was "bad public policy," according to a 1996 article in Business Insurance.
</snips>
Anyway - I wonder if this gives any more weight to the sealed records issue. In Gephardt's eyes it does anyway. IMO it atleast takes away his accusations about Bush's supposed "tax breaks for big business" and Enron.
CkG
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