Word: tax-cutting
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...seniors. The Office of Management and Budget was about to release figures revealing that with Bush's tax cut "we have spent the surplus as of today," he said. "It didn't take ten years to spend the surplus. It took 10 weeks, from the time the president signed the tax bill." Hoyer, who opposed Bush's large tax cut, knew this crowd would be disturbed by the new budget numbers coming out of Washington. The day before, Bush threw out his favorite tax-cut line to an audience in Independence, Mo.: "It's your money." Hoyer...
...tax-rebate checks just now going out), you would think Congress had finished writing checks for a while. Wrong. In the energy bill passed by the House last week lies a hidden plum: $34 billion in tax cuts over 10 years, mostly going to--yep--oil-and gas-exploration firms. The House-passed patients' bill of rights also contains some little-noticed tax breaks: $16 billion over 10 years for small businesses and folks who save for medical care. In all, about $80 billion in tax cuts have been approved in addition to those enacted in Bush's tax-cut...
...Economically, there are two big pluses - we're entering the time when the first of the Fed's interest-rate cuts should be starting to kick in, and the tax-cut rebates are coming soon. Some retail stores reported some encouraging numbers Thursday as well, and that not only helped goose the Dow but bodes well for consumer spending. On the other hand, layoffs and unemployment is still on the rise...
...dwindling surplus and the ailing economy and the gathering tax-cut rematch weren't enough, George W. Bush just got handed another ticking time bomb...
...suppose the mature thing would be to regard Father's Day with a kind of benign neutrality. After all, who does it hurt? And, all in all, it's probably good for the economy, better even than a mid-summer tax-cut. In fact, I ought to take some pleasure in it, and I'd be a liar if I said that I didn...