Word: trillion
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...bills go, the $1.35 trillion cut George W. Bush signs into law this week is relatively free of special provisions to satisfy special interests. Yes, there are education tax breaks slipped into the final bill that'll make college presidents and private school headmasters drool. Republican and Democratic senators on the tax-writing panels are sure to get a few thank-you notes from millionaires and corporate CEOs. But by and large, Bush got the clean bill he wanted. And more important he got it before Democrats took control of the Senate. "I'm really pleased that we've already...
...Still reeling from the $1.35 trillion tax cut he came under fire for supporting, Sen. Max Baucus, the new Democratic chairman of the Finance Committee is wary of taking on any more big slices. But that doesn't mean that cuts won't get through. So there's still hope for ships and oranges and old coins...
Last week the Senate Finance Committee swiftly approved a $1.35 trillion tax cut over 11 years--only modestly lower than the President's initial $1.6 trillion target and the $1.65 trillion package that emerged from the House last month. A final full-Senate vote should come early this week, setting the stage for a Senate-House conference by week's end. The writing is on the wall. Americans are about to get their largest tax cut in 20 years...
...rebate of $100 billion--$60 billion this year and $40 billion next is likely--seems huge, but in a $10 trillion economy, it's a pimple, and everyone knows it. In January, Treasury Secretary Paul O'Neill readily noted that lower interest rates (monetary policy) do more to stimulate the economy than anything the Administration could do on the tax front (fiscal policy). Chimes in Allen Sinai, chief global economist at Decision Economics: "To really prevent a recession, we would have to double, or more, the tax reductions this year and next...
...first of all, is safe. As a parting gift to Bush, Jeffords decreed that his switcheroo would not take effect until after Bush signs what will likely be a $1.35 trillion across-the-board cut that doles out long-term tax relief to each according to his income. But Jeffords, saying if he was going to disagree with Bush so much he might as well make it official, had a pretty long list of what would have been his future treacheries: Health care, energy, missile defense and the environment (not to mention the judiciary, choice, education "and a host...