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Move afoot in Congress to slash Bush's tax cut
The Washington Times ^
| March 19, 2003
| James G. Lakely
Posted on 03/18/2003 10:53:22 PM PST by FairOpinion
Edited on 07/12/2004 4:01:42 PM PDT by Jim Robinson.
Senate Democrats and a few Republicans are citing the impending war against Iraq as a reason to dramatically pare down or eliminate President Bush's $726 billion economic stimulus package.
Sen. Kent Conrad, North Dakota Democrat and ranking member of the Senate Budget Committee, offered a doomed amendment yesterday that would prevent the passage of the president's tax package until the costs of conflict in Iraq are known and it is explained "how these costs fit within the budget plan as a whole."
(Excerpt) Read more at washtimes.com ...
TOPICS: Business/Economy; Extended News; Government; News/Current Events; Politics/Elections
KEYWORDS: congress; dividend; economy; iraq; taxcut; taxes
I think that while Bush and the people in general are preoccupied with the War in Iraq and terrorism, the Democrats are working to try to obstruct President Bush's economic package, to insure that the economy will not recover, to improve their chances in 2004.
the Democrats are working to try to obstruct President Bush's economic package, to insure that the economy will not recover
The economy will recover with or without the "stimulus" package.
posted on 03/18/2003 11:01:43 PM PST
the Rats never met a tax they didn't like
posted on 03/18/2003 11:15:09 PM PST
In 2 months when Bush has a 90% approval rating, will see how successful the Democrats obstruction efforts are then.
As far as that reads, the last round, 1.35 trillion over 10 years-backloaded, are still in place, but not accelerated as been proposed by WH. We are talking about possibly slashing an additional 200-400 billion. Not bad news really. The dividend thing might not make it but it would get the IRA/401K in better shape again alot quicker.
Any relief right now is a good thing. There are about 6 "republicans" not on board for much or any new cuts, the usual supspects. FlipFlop who am I today J. Mcain. Snowe, Chaffe, Collins, Coleman, and one other I cant recall right now. It dont look good for big cuts but every little bit helps and the economy is tougher than the Rat rhetoric BS.
Even if the war cost $100 billion (it wont), it would mean about $1000 for every taxpaying houshold, average, meaning some will pay $5, some $5000 over the course of a couple years. No self elevating reporter would actually try and do the math and print it though.
posted on 03/18/2003 11:30:59 PM PST
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