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Republican Tax Cut Fight Stalls Budget Talks
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| Contributor | Gerald Farinas |
| Last Edited | Gerald Farinas Apr 01, 2004 10:02pm |
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| Category | News |
| News Date | Thursday, April 1, 2004 06:00:00 AM UTC0:0 |
| Description | Republican Tax Cut Fight Stalls Budget Talks
Reuters
Prospects for quick congressional approval of a 2005 federal budget dimmed on Thursday as rebellious members of President Bush's own party pushed for limits on his tax-cuts. Some Republicans in both houses, concerned about the record fiscal deficit, want the budget to include rules requiring that tax-cut costs are paid for with other savings. The cuts are at the very heart of Bush's election-year economic message, and he was hoping to make permanent several that would otherwise expire over the next several years. But the Congressional Budget Office estimates it would cost about $1.3 trillion over 10 years to permanently entrench the personal and corporate tax breaks. |
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