Word: taxed
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TIME: We have a looming budget deficit and a war that will cost a lot of money. Is the timing of Bush's tax-cut proposals right...
MITCHELL: The big pieces of the Bush plan are things that are consistent with tax reform. The sooner lower tax rates take effect, the better the results for the economy...
SAWICKY: The problem is Bush's proposals are not worth doing later or now. There is a huge amount of resources that I can think of much better ways to use, not only for spending but also for other kinds of tax cuts and also to run some budget surpluses...
RENWICK: I think the national economy needs some stimulus, but the Bush tax plan is not getting much bang for the buck. It is not giving the kinds of tax cuts that would move the economy out of this recession and create some jobs...
MITCHELL: The Bush Administration, I think, has a quiet tax-reform agenda. If you look at what they are doing this year, eliminating the double tax on dividends, this is an important component of tax reform. Traditionally we thought of tax reform as, Let's go from here to there, cold turkey. You can do it in incremental steps. But the Administration is doing the candy part of tax reform, not doing the vegetable part. You are getting rid of the various forms of double taxation, which everyone affected will be happy about, but you are not putting fringe benefits...