Word: tax-cutting
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...soon as Greenspan finished this sentence, the American media's breaking news sensor sparked an automatic chain reaction, ultimately filling every major newspaper's headline with the words "Greenspan endorses Bush's tax-cut plans." Far from it. Greenspan further qualified his carefully worded statement by pointing out the "tentativeness of our [budgetary] projections" and that some of the conclusions on tax receipts are "little more than informed guesses." He then ended his talk with a cautionary note that "with today's euphoria surrounding the surpluses, it is not difficult to imagine the hard-earned fiscal restraint developed in recent...
Greenspan should have known that his single sentence praising the merits of a tax-cut would make the front pages and that the five pages of qualifiers surrounding it would not. Cynics have argued that he has known this all along and that the endorsement headlines were the results for which he hoped. Some Democrats are quick to point out that Greenspan began his career in national politics by working on former president Richard M. Nixon's campaign in 1968. After hiding his true political feelings during eight years of the Clinton Administration, the story goes, he can now return...
...trillion, 10-year tax-cut plan is an opportunity. Not to fight a possible recession that could be over by summer - that's the Fed's job - but to reset the federal government's expectations of how much its constituents should be forking over every April. And to cut some of the fat out of the two flabbiest documents in the free world: the tax code and the federal budget...
...White House press secretary Ari Fleischer was happy to add a few bangs to the tax-cut drum. "We are seeing a government that is awash in surplus money, even with an economy that is softening from where it used...
...main reason is also why Bush is spending so much time meeting with fellow GOPers these days: The President is flooded with tax-cut requests from his side of the aisle, from Trent Lott and his capital-gains reduction to social conservatives who want a tax break for all married couples. Bush may have painted a pretty clear picture of his cut during the campaign, but now that he's in office, the old saw "the President proposes, the Congress disposes" is kicking in with a vengeance...