Curse of the Bushes.
Bush makes Grover Norquist cry:
"The $69 billion tax cut bill that President Bush signed last week tripled tax rates for teenagers with college savings funds, despite Bush's 1999 pledge to veto any tax increase," reports David Cay Johnston.
In 1999, the conservative group Americans For Tax Reform convinced Bush - and the other candidates seeking the GOP nomination for president at the time - to sign anti-tax increase pledges.
"If I were elected president," Bush pledged. "I will oppose and veto any increase in individual or corporate marginal income tax rates or individual or corporate income tax hikes."
Grover Norquist, president of Americans for Tax Reform, tells the Times that the increase is "a technical violation of the pledge."