Skip to comments.Just Call Him George W. Reagan
Posted on 01/08/2003 12:05:49 PM PST by Steven W.Edited on 04/13/2004 2:16:34 AM PDT by Jim Robinson. [history]
The Gipper would have loved the tax-cut plan Dubya unveiled in Chicago. Democrats -- and some conservatives -- will need convincing.
If President George W. Bush put his new economic stimulus program to a vote among some 2,000 Chicago business leaders who heard him speak on Jan. 7, his bold plan would win hands-down. The question now is whether the rest of the country will be quite so enthusiastic.
(Excerpt) Read more at businessweek.com ...
To Tommy Daschle and Nancy Pelosi...
Gimme my durn muffler!!! (well, for me, its gonna be a 1911 45ACP) :)
Which is why this tax cut isn't supply side, and which is why Reagan wouldn't have liked it. Reagan also promoted high tech and risk capital, which the president is still ignoring. However, Reagan would have liked Bush's comment on government regulations, though I think that was just put in the speech as a bone to supply siders. It's too bad Bush has spent the past two years ignoring those regulations, many of which he could have rolled back without the approval of Tom Daschle. If anything, the speech yesterday showed that the president is still blissfully ignorant of the strengths and weaknesses in our economy, and where most new jobs are created.
So all the tax cut revenues will be eaten by the porkers in the Republicrat party to expand the government even more.
Bush's plan is merely a short-term quickie that'll propel the economy just past the 2004 elections, when he's safely re-elected and can safely beat his chest and say he accomplished something.
But dozens of more pages will be added to the federal income tax code, which will keep tax accountants at H & R Block happily employed.