Word: congress
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Dates: during 2000-2000
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...Another reason the Bush tax cut may not have much impact is that its biggest parts, like across-the-board rate reductions, are the ones least likely to sail through a sharply divided Congress. And the pieces that are easiest to pass, like an end to the marriage penalty for joint filers, are too small to do much to stimulate consumer spending. Democrats have accepted the inevitability of some kind of tax reduction?s passing Congress this year. House minority leader Dick Gephardt has already said so. But none of them is prepared to support cuts of the size that...
...combating slowdowns, in which case the main weapon of recession fighting would rest with Greenspan. All the same, Bush is hoping that he can get the Fed chairman to signal in some way that he too would agree to a big slice, perhaps during his upcoming testimony before Congress. Greenspan thinks the surplus should be used to pay down the national debt, but he would accept seeing some of it go back as a tax cut before he would allow Congress to use it for more spending programs...
...adviser Lindsey is a good friend of the Fed chairman?s. So are Cheney and Paul O?Neill, Bush?s choice as Treasury Secretary. Both worked with Greenspan in Gerald Ford?s White House. All of them will be going to work on Greenspan to persuade him that Congress would simply spend the surplus before it can be used for bill paying. And George W., whose father had notoriously frosty relations with Greenspan, has gone out of his way to court the chairman. A few weeks ago, after their get-acquainted meeting in Washington, he even squeezed the uncomfortable-looking...
...North Korea shutting down its missile program, as well as whether to continue the Clinton administration program to provide extensive energy and food assistance to the North Koreans in exchange for them shutting down their weapons-grade ore nuclear power plants - and if so, to sell a skeptical Congress on the idea...
...Soviet Union, and their weapons programs have been widely viewed as a means of extorting aid from the West. But providing food relief may have helped walk Pyongyang away from doing something really stupid, and this has been generally applauded by U.S. allies on North Korea's doorstep. But Congress isn't particularly comfortable about the idea of bailing out a Stalinist basket-case simply because it threatens to go ballistic...