Word: tax-cutting
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...about such perceptions. The White House desperately wants to jump-start the economy in case a conflict with Iraq sends shudders through the global economy. Administration officials say they plan to use their Senate majority early in the new year to make elements of the President's $1.35 trillion tax-cut package permanent, push through an industry-friendly prescription-drug benefit for seniors and pass an economic-stimulus package...
...eyebrows, yawning mouth, and furrowed brow. And now that George W. has been transformed into Curious George, the simian storybook character, it is essential to insult his intelligence. Never mind that none of this has to do with the war in Iraq, the rape of the environment or the tax-cut for the rich. Obviously, George W. Bush disagrees with his critics because he is stupid and they?...
...rigueur for the Harvardian intelligentsia to scoff at supply-side economics. But tax cuts are not the sinister sires of deficits that liberals claim they are. Low taxes provide incentives to work, save and invest. That means growth, and growth coupled with fiscal restraint means higher tax revenue. For evidence, one need only consult the historical record. Between 1961 and 1968, following the Kennedy tax cut, the economy grew by 42 percent and tax revenue rose by a third. The Reagan tax-cut, so fashionably maligned, brought a similar boom. The deficits of the 1980s resulted from spending run rampant...
...also knew better (after last January's debacle about those dangerously high surpluses) than to play policymaker, limiting his politically mine-able comments to one about looming deficits helping nudge up long-term interest rates (score one for Tom Daschle), and one about looming tax-cut phase-ins providing needed economic stimulus (and one for Bush...
...this year to increase federal research on chronic diseases by $350 million, but the White House pared it down to $175 million. He had hoped to restore the cut, but with the surplus gone, he told the seniors, it now seems unlikely. In Missouri, Bush had used his favorite tax-cut line: "It's your money." Hoyer gave the seniors the Democrats' response: "It's also our money, and we need to spend it responsibly...