Word: across-the-board
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...parties (and Bush), will be off limits. The rest, $3.122 trillion over the next 10 years, is up for grabs, and setting half aside for tax cuts "for everybody who pays taxes," as Bush put it Tuesday (that would be a reaffirmation of his insistence on across-the-board cuts) is looking more and more reasonable...
...battle will sound a lot like the campaign - Republicans will call smaller, targeted tax cuts un-American, and Democrats will call big, across-the-board ones unfairly skewed to the rich. And with the Senate split down the middle and the House close to it, Bush will need all the help...
...little. "I'm not going to make a huge case that this is the investment we need to make sure we don't go into a recession," the Nixon, Ford and ALCOA veteran told the Senate Finance Committee. O'Neill was speaking, of course, of the across-the-board tax cut his new boss has been describing all winter as, well, the investment we need to make sure we don't go into a recession...
Another reason the Bush tax cut may not have much impact is that its biggest parts, like across-the-board rate reductions, are the ones least likely to sail through a sharply divided Congress. And the pieces that are easiest to pass, like an end to the marriage penalty for joint filers, are too small to do much to stimulate consumer spending. Democrats have accepted the inevitability of some kind of tax reduction's passing Congress this year. House minority leader Dick Gephardt has already said so. But none of them is prepared to support cuts of the size that...
...Another reason the Bush tax cut may not have much impact is that its biggest parts, like across-the-board rate reductions, are the ones least likely to sail through a sharply divided Congress. And the pieces that are easiest to pass, like an end to the marriage penalty for joint filers, are too small to do much to stimulate consumer spending. Democrats have accepted the inevitability of some kind of tax reduction?s passing Congress this year. House minority leader Dick Gephardt has already said so. But none of them is prepared to support cuts of the size that...