Word: hiked
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...that's a tax hike Republicans can live with...
...recession--Bush's top economic advisor, Lawrence B. Lindsey, has written that tax cuts have too slow an effect to be useful in fighting recessions. Fighting a short-term recession is better left to the Federal Reserve and its chair Alan Greenspan--Clinton's experience with the 1993 tax hike makes clear that over the long haul, debt reduction is more important to growth. In contrast, the experience of the Reagan administration shows the difficulty of climbing out of deficits caused by overly large tax cuts...
...majority of those surveyed, 51 percent, say Bush's plan favors the rich. Daschle's pollsters tell him the public also suspects that the projected $5.6 trillion budget surplus won't fully materialize to pay for the cuts. If it doesn't - and if Bush keeps his promises to hike spending for health care, education and missile defense - the tax cut will end up being paid for with "a raid" on Social Security and Medicare, Democrats warn...
Students said, however, that the price hike is one of the course's many inconveniences this year...
Course Coordinator Gwendolyn A. Wong said that given mistakes made last year, the price hike was unavoidable...