Word: cuttingly
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Dates: during 2000-2000
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...matter whose figures one chooses, there is no denying that the benefits the Bush plan would give the wealthy are large in absolute dollar terms. The Bush camp justifies these cuts by arguing that the wealthy pay more taxes and therefore deserve more relief--and to some extent, this argument is valid. If the distribution of taxes across income groups were perfectly fair, the best way to cut taxes would be to preserve the distribution of burdens by reducing everyone's rates by the same share. In absolute dollar terms, most of the benefits from this change would...
...sheer scale of the Bush cut is also reason for concern. The plan includes $1.3 trillion in direct cuts, but because this money could otherwise have been used for debt reduction, it would impose an additional $300 billion interest cost. Given a tax cut of this magnitude, Americans should remember that while the surpluses are temporary (and probably much smaller than the candidates would like), the tax cuts will live on, forcing the country during the next recession to decide between grueling tax hikes and deficit spending...
Both the College Democrats and the Harvard Republican Club have organized efforts on the proposed income tax rate cut. College Democrats have handed out flyers at the Square T stop, and the Harvard Republican Club organized a rally to cheer on the chief proponent of the tax cut, Gov. A. Paul Cellucci...
...cut plan is heavily backed by Cellucci, who helped ensure it would be on this year's ballot and has been promoting it around the state...
...Bush and the Republicans say everybody deserves the same tax cut, fully satisfied that the richest will reap the richest rewards; Gore and the Democrats say the best thing to do is to focus on those who need it more. Bush wants an expensive renovation of Social Security; Gore wants to put a new coat of paint on it. Bush tends to hold truck with the private sector; Gore is convinced government has its duties and can perform them admirably, if nourished. Gore seems a little more strenuous about the environment, Bush a little more stingy with our national influence...