Bush Plans New Tax Cut for Election Year

Roll Call ^ | 10/22/03

[areafiftyone]

The Bush administration, unfazed by aggressive Democratic opposition, is working on its fourth consecutive tax cut plan, which will be unveiled during next year’s presidential election campaign, according to sources close to the White House.

[Pubbie]

"It would be nice if they would not hand out $400 welfare checks to non-federal tax payers and call it a tax cut."

That plan DIED in the House-Senate Conference committee.

You're beating not just a dead Horse, but a fosilized horse.

[Weimdog]

Spending cuts BEFORE tax cuts!

[taxed2death]

....seems most peeps on this BB don't understand that fact.

Tax cuts are just pushing the big I.O.U. on down the road for our grand kids to pay.

GWB spends money faster than Rushs' domestic helper on a pill buying binge in a pharmacy.

[finnman69]

Sure 'nuf, but sending them out costs money.

Costs who money?

[eureka!]

True. People also notice bigger paychecks and lower checks to the government in April. Either way, we the people will take it...

[KriegerGeist]

"people are more concerned about job losses then tax cuts right now."

I agree. However, how does the President keep jobs from going offshor and overseas? How does the President control how companies run their manufacturing / business practices? Other than pushing for relief concerning over-regulation and making it tax-friendly to business, what can the President do to make businesses stay or to "increase jobs" as being government and not private sector?

I am no economist, so this is an area I really don't understand... I heard that Sony was doing great, but laying off thousands of workers because they have 'automated' them out of a job... what can be done about that by any President?

"he is going to the well too many times with this."

As for the spending, I agree. On one hand it's Congress that really are the out-of-control spenders and not holding the spending, but ont the other, it's the President that either signs or vetos spending beyond what he boldly stated he would hold at what? 4 percent or something?

[Pubbie]

"GWB spends money faster than Rushs' domestic helper on a pill buying binge in a pharmacy."

Oh you guys are right - Bush sucks on the economy, let's stay home and make sure Howard Dean is elected and then we will REALLY get some Fiscal Discipline in Government...

[WOSG]

Dittos.

[rwfromkansas]

I will be disappointed if Bush decided to be a wimp and not push for H.R. 25.

If he goes the wimpy tax cut route, what a shame and missed opportunity to do bigger deeds.

[WOSG]

Ah yes ... DeLay's boneyard ... havent heard much on assault weapons ban either...

[Non-Sequitur]

Oh you guys are right - Bush sucks on the economy, let's stay home and make sure Howard Dean is elected and then we will REALLY get some Fiscal Discipline in Government...

If Bush pushes another round of tax cuts without clear, concise spending cuts to go along with it then a President Dean is a real possiblity.

[Pubbie]

Don't mess with Texas

[Pubbie]

Give me a break, the Government PRINTS the money, they can have as big a a deficit as they want.

In WWII we had a Deficit of 130% of GDP, and an economic boom followed after the war.

In the 80's we had a deficit of 6% of GDP and we created 19 million new jobs during that decade.

[contessa machiaveli]

what is HR 25?

[txrangerette]

Your confusin' 'em with facts.

[Non-Sequitur]

Now we're having record deficits and the only numbers growing faster than the red ink are the lost job figures. We're supposed to be the party of smaller government, remember? We have the House and the Senate, as well as the presidency, and if Bush can't whip up enough leadership to push spending cuts to go with yet another tax cut then he is handing the Democrats the election.

[Pubbie]

No - They're right - Bush is a complete failure.

We need to stay home in November 2004 to make sure we get Howard Dean as President and then ALL our budget problems will be solved, because it's better to be ideologically pure than in Power... (Sarcasm/)

[VRWC_minion]

I would really rather that the Bush administration work on a spending cut plan, thank you.

Tax cuts are spending cuts.

[txrangerette]

Got it!

:o)

[!1776!]

On one hand it's Congress that really are the out-of-control spenders and not holding the spending

You are right in more ways than one. Congress is filled with people not doing their jobs. They expect the president to carry all the weight and take all the heat, while okaying pork project after pork project.

It is time we held our (collective) majority republicans responsible for not keeping the crap off the President's desk. Save the heavy hitter for the big fights, but kill the junk before it gets to the President.