|
|
"A comprehensive, collaborative elections resource."
|
Bush Tax Agenda Clashes With Deficits
|
|---|
| Parent(s) |
Container
|
| Contributor | Gerald Farinas |
| Last Edited | Gerald Farinas Jan 21, 2004 02:50am |
| Logged |
0
|
| Category | News |
| Media | News Service - Associated Press |
| News Date | Wednesday, January 21, 2004 06:00:00 AM UTC0:0 |
| Description | Bush Tax Agenda Clashes With Deficits
President Bush used his State of the Union address to renew calls for permanent tax cuts, a goal that appears stymied already by congressional brooding over budget deficits and the unrelenting politicking of an election year.
GOP lawmakers who championed the temporary tax cuts don't expect 2004 to be the year the changes become permanent.
While Republicans in the House chamber jumped to their feet to cheer Bush's tax and economic policies, Democrats sat in stony silence, offering a preview of the chilly reception Bush's tax agenda can expect on Capitol Hill this year.
Making the tax cuts permanent would cost the Treasury some $2 trillion, according to analysts at the Tax Policy Center, a research group run by the Brookings Institution and Urban Institute.
That would be too much to swallow for deficit-wary senators already hearing projections that the federal budget deficit will top $450 billion this year, said Senate Finance Committee Chairman Charles Grassley, R-Iowa. |
| Share |
|
|
2¢
|
|
| Article | Read Full Article |
|
| Date |
Category |
Headline |
Article |
Contributor |
|
|
