Word: tax-cutting
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WASHINGTON Christmas in January President George W. Bush proposed an audacious tax-cut program - one he hopes will jump-start the sputtering U.S. economy. The plan, which would eliminates taxes on corporate dividends, delighted Wall Street but led Democrats to charge that Bush was merely making the rich richer. To counteract that criticism, the package also includes a rise in child and married-couples tax allowances. In addition, tax-rate cuts scheduled for 2004 and 2006 would be introduced immediately. "Our first challenge is to allow Americans to keep more of their money so they can spend and save...
George W. Bush could have just come out with a nice middle-of-the-road economic stimulus package. Some rebate checks here, some targeted tax breaks there; by fall 2004, the economy will probably have healed itself anyway. But the President took the plunge this week, offering a $670 billion tax-cut package that drew adjectives like "bold," "aggressive" and yes, "foolhardy." Leave it to posterity - or the economy in 2008 - to judge which, but there's no question that the splash has set the tone for the domestic economic-political debate for the next few months, and that...
...John Snow, Bush's nominee for Treasury Secretary and chair of railroad freight company CSX, is expected to toe the line on tax cuts. That's not to say he doesn't make some supply-siders nervous; fiscal conservatives reportedly fear he may not believe fiercely enough in the tax-cut gospel Bush will ask him to spread. Further complicating matters, Snow, who is known for his distaste for deficits will have to make the case that a national debt isn't so bad after all. Still, the White House is reportedly delighted with Snow...
...ruthlessly empty at its core. This is the Presidency that brought us “No child left behind” education legislation while ducking the question of funding, slashed environmental regulations while promoting the virtues of forest fire prevention in Oregon, and rammed through a top heavy tax-cut while giving empty lip service to social security and prescription drug benefits. And despite the image of a partisan neutral, fearless leader protecting us from evil abroad, this MBA president has spent most of the past months playing Fundraiser-in-Chief—and filling that role in an unprecedented...
...Congress to the Northern pro-choice, gun-control liberals in the Senate--duked it out over how to counter the President's agenda. Liberals argued it was time to get tougher with Bush on Iraq and the economy; moderates, many of whom backed Bush's war resolution and tax-cut proposal, argued it was time to get tougher on liberals. In the end the Democrats never got close to formulating a unified message. They simply failed to take their fight outside the tent...