The town fathers of Kennebunkport, Maine, home of George Bush's summer White House, have solved a problem the president has been unable to manage. They're cutting the tax rates but taking more out of the taxpayers" wallets. Since land values in the area have more than doubled over the past eight years, the latest assessment on Bush's compound has soared to $2.2 million, from $892,000 in 1982. Even at the new rate of $11 per $1,000 valuation (down from $22.40), Bush will owe $23,20--up from $17,832 last year.
Join the Discussion