|
|
"A comprehensive, collaborative elections resource."
|
Tax Cut Claims Gain Criticism As Employers Shed More Jobs
|
|---|
| Parent(s) |
Issue
|
| Contributor | RP |
| Last Edited | RP Sep 07, 2003 08:46pm |
| Logged |
0
|
| Category | Analysis |
| Media | Newspaper - Washington Post |
| News Date | Saturday, September 6, 2003 06:00:00 AM UTC0:0 |
| Description | Three months after passage, President Bush's $350 billion tax cut package is eliciting fresh criticism that it has failed to stem nearly 20 months of job losses or produce a promised surge in employment.
The perils of presidential promises hit the White House anew when the Labor Department reported this morning that employers shed 93,000 jobs from payrolls in August. It was the seventh consecutive month companies had slashed payrolls, up sharply from the 43,000 positions lost in July. This time, the losses came just as the president's $350 billion tax cut package was showing up in consumers' pockets.
"Today's unemployment report shows we've got more to do," Bush said in a brief acknowledgement of the issue. But pointing to strong economic growth statistics, he later added his standard boast, "Tax relief is stimulating job creation all across the country." |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
