Tommie the Commie is going to drag this out, make it a 2002 election issue, then hang it around the Presidents neck. Simple as that!
That measure included a new round of rebate checks aimed at lower-income workers and would cut the 27 percent income tax rate to 25 percent in 2002 rather than phasing the reduction in over several years. There are also tax breaks for large and small businesses, including 30 percent immediate depreciation write-offs over the next three years.
From this I take 'welfare payments' to lower income folks, ostensibly for consumption;
27 to 25 this year rather than next? Nuff said on that one since the cuts have been factored for any financing decision this will just provide more cash for consumption.
30% for immediate depreciation write offs? Nice old economy subsidy for new purchases-- clearly consumption based since these purchases will befrom inventory stock.
Please tell me where is the pro-growth that I am missing?