Word: surplus
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Dates: during 2000-2009
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...taxed when we earn. We get taxed when we spend. We should not get taxed when we save. The estate tax was instituted in part to help fund World War I. News flash: the war is over. We won. Peace is at hand, and we have a budget surplus...
Critics argue that repeal will cost the Treasury $105 billion over 10 years--a revenue shortfall that the middle class will have to make up. But that is a) far from proved and b) a pittance next to the $2.2 trillion projected budget surplus over the next 10 years (not counting the Social Security surplus), which strongly suggests there would be no shortfall...
Bush says a goal of his $1.3 trillion tax cut is to "ensure the American dream touches every willing heart...the greatest help for those most in need." And he says he can do it using only 25% of the surplus...
SQUEAL FACTOR Perhaps the budget surplus is to blame for all the pet projects that were tacked on to the $288 billion defense bill after its Senate approval. Smart Trucks may well be worth $3.5 million. But, as protesters John McCain and Phil Gramm pointed out, some others smell a bit porky...
...marriage penalty. Although administration officials and Democratic leaders have been condemning the tax cuts as too deep, "what's been missing is the President's voice," said one aide here. Solution: last Saturday's radio address, which dealt exclusively with domestic tax issues, attacking the Republicans for "treating the surplus like they'd won it in the lottery." There was no mention of the G-8 in the address, which could have just as well been delivered from 1600 Pennsylvania Avenue as from Japan...