Word: cut
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Dates: during 1990-1999
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...First of all, it ain?t that much, not for most of us. Those nice accountants at Deloitte & Touche calculate that a couple with two children under 17 and an income of $50,000 -? that?s about average -- would receive an annual tax cut of $265. One car payment, maybe. As the late, great Chris Farley used to say, whoop-de-freakin...
...Clinton speeches about irresponsible "instant gratification" on the Republican side and safe, sane saving for the future by your friends at the White House.) Clinton keeps saying only he can save Medicare and Social Security; the Republicans say they can save the sacred cows and pay for a tax cut, and still keep the debt shrinking and the budget balanced. And here?s where it gets complicated, if not surprising: Both sides are fibbing...
...give or take a few hundred billion). Republicans want to give $792 billion of it back to the people, and Clinton wants to spend a nearly equal portion -- $750 billion, by some calculations -- on defense, on education, on new Medicare benefits like prescription-drug coverage. He?s willing to cut taxes a little, and Republicans are willing to spend a little, but that?s essentially...
...both? That?s what Alan Greenspan said to Congress last week, although neither side seemed to want to hear it that way. Set the surplus aside, said Sir Alan, because it?s not even paper money yet, and because Americans might really need a tax cut someday. (Oh ?- and he really hates inflation...
Republicans in the House and Senate passed their $792 billion tax cut Thursday night, so we know they want it -? or at least want to be able to tell everyone they do. We know Bill Clinton is dead-set against it -? "I will have no choice but to veto it immediately" ?- and the Democrats, so far, are sticking by their fearless leader. But how about the voters? Polls show that Americans overwhelmingly favor lower taxes -? who wouldn?t? - until they?re reminded that there?s only so much money to go around. Put a big tax cut against saving Medicare...