Word: marginalls
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Though Bush only discussed his tax cut 40 minutes into his recent address to Congress, the tax cut sits corpulently at the center of his proposals, influencing every budget decision Bush has made. The cut is now estimated to cost at least $2 trillion once interest losses are factored in...
Even as the House prepared Thursday to bestow a party-line passage on George W. Bush's $900-odd billion marginal rate reductions, a major pocket of bipartisan opposition to the President's overall tax-cut plan reared its head in the Senate. A centrist clutch of five Republicans and...
No one since former President Ronald W. Reagan has had the courage to openly make this argument the centerpiece of an economic agenda. It doesn't sit well with our egalitarian sensibilities. But it's true: those citizens whose incomes place them above the lowest marginal tax bracket are doubly...
As House Republicans hustle the hot-potato centerpiece of George W. Bush's tax cut - $958 billion in marginal rate reductions - toward a brusque party-line passage this week, in the 50-50 Senate, Democrats are making sure things go nice and slow.
Senate Democrats, whose entire rival tax cut proposal costs less than Bush's marginal rate cuts, would rather there be no across-the-board cuts at all. With a GOP majority in the House and Bush in the Oval Office, they'll have to start negotiating eventually. But when Baucus...