Factory Bush Touted Closes; 1,300 Ohioans Jobless
Of course, one person who will not be feeling the pain of the President's economic policies is W.R. "Tim" Timken - a top Bush fundraiser and the man who decided to shut down the factory. Having earned more than $2.6 million last year, Timken stands to receive $59,000 in new tax breaks from President Bush this year7 - Timken also happens to have raised $600,000 for the President in one night8. By contrast, 89% of Ohio residents will receive less than $100 by 2006 from the latest Bush tax cuts9.
Sources:
President Discusses Plan for Economic Growth in Ohio, 04/24/2003.
"Timken to close Ohio factory", Pittsburgh Business Times, 05/17/2004.
"Timken Layoffs Potentially Devastating For Canton", NewsNet5.com, 05/16/2004.
"Bush seeks to make tax cuts permanent", Washington Times, 09/05/2003.
"Bush Econ Advisor: Outsourcing OK", CBS News, 02/13/2004.
"BUSH STUMPS IN OHIO, DEFENDS JOBS RECORD", 05/04/2004.
Citizens for Tax Justice, Fall 2003.
Campaign Money Watch.
Citizens for Tax Justice Brief.
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