Bush raises taxes on teenagers while giving tax breaks to his wealthy supporters.

The $69 billion tax cut bill that President Bush signed last week triples tax rates for teenagers with college savings funds, despite Bush's 1999 pledge to veto any tax increase.

Under the new law, teenagers age 14 to 17 with investment income will now be taxed at the same rate as their parents, not at their own rates. Long-term capital gains and dividends that had been taxed at 5 percent will be taxed at 15 percent. Interest that had been taxed at 10 percent will be taxed at as much as 35 percent.

The increases, which are retroactive to the first day of the year, are expected to generate nearly $2.2 billion over 10 years, according to the Congressional Joint Committee on Taxation, which issues the official estimates.

Overall, the tax bill that Bush signed Wednesday reduces taxes by $69 billion.

Bush just continues his pattern of leaving the burden of his Presidency on the shoulders of our children. They will be the ones who have to pay off this terrible 8 trillion dollar debt. They are the ones who are dying in this this war. The are the ones who will inherit the hate from the rest of the world toward America. And now they will have their taxes raised as well.

Remember this when it is your turn to cast your vote kids.