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Bush advisers urge deeper tax cuts in 2nd term
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| Contributor | Tony82 |
| Last Edited | Tony82 Nov 16, 2004 03:11am |
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| Category | News |
| Media | Newspaper - Washington Times |
| News Date | Tuesday, November 16, 2004 06:00:00 AM UTC0:0 |
| Description | Economic advisers who helped President Bush craft his first-term tax cuts favor deeper across-the-board rate reductions instead of more radical alternatives to the tax system, which are viewed as unlikely to pass.
Although Mr. Bush's outside advisers at the Hoover Institution think tank at Stanford University say a flat-tax system is desirable, they do not think that it, or a national sales tax, has the political support needed to win approval from Congress.
Instead, they urge Mr. Bush to follow the revenue-neutral policy course set by President Reagan in his second term when he broadened the tax base by getting rid of special-interest loopholes, exemptions and credits and applied the revenue gains to lowering the tax rates further. |
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