Word: tax-cutting
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
George W. Bush has argued that his $1.6 trillion tax-cut plan would help America dodge a recession. But because its most generous provisions don't kick in until after 2003, the President's proposal can't provide much countercyclical punch before then. Democrats, who oppose the measure as too large and too favorable to the rich, several weeks ago called for $60 billion to $80 billion in tax cuts this year, many of them targeted at middle- and low-income groups. The idea: offer people some money now so they'll spend and give the economy a boost...
...tax scheme, the Ways and Means committee last week voted for its own version of immediate relief. The plan would double the $500-per-child tax credit and make it available to as many as 3 million families that currently pay no income tax, earning from $20,000 to $30,000 a year. In a rare move, Democratic Senator Kent Conrad asked Congress to pass some version of these proposals by the first week of April. Senate majority leader Trent Lott offered a more leisurely schedule, calling for their consideration as part of a multi-year tax-cut package, perhaps...
...months ago, when the tax-cut wrangle started to get serious, the White House vowed that their $1.6 trillion baby was a people's tax cut, of "the right size," and the business lobby (no doubt receiving a promise to be first in line next time around) dutifully returned to the sidelines empty-handed. And so the White House has been leery of reopening negotiations on the tax cut's size and shape, for fear the corporate folk will come rushing back...
...White House flacks Monday as "major," Bush hit all the big themes. The economic slowdown - including the energy crisis and the stock market's tank-o-rama - was Clinton's fault, not his ("The trend is clear and the need for action is urgent") and all his tax-cut sales-pitching has not made things worse. "It's the President's job to look for warnings of economic trouble ahead and to heed them," Bush said. (Not that he didn't feel the need to point out the bright side for a change, saying the economy "is like a great...
...votes. McCain is trying to keep Democrats from bolting as he tries - for real this time - to erase the one money edge they have over the Republicans. Hagel and Bush are wooing wafflers with the political cover of a watered-down version, possibly (more gossip) in exchange for tax-cut votes. Even Mitch McConnell, reform's staunchest bogeyman, has a proposal - a shutoff mechanism for the soft-money ban if the outside advertising provision is found to be unconstitutional on free-speech grounds...