Word: cuttingly
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Dates: during 2000-2000
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...billion of "investment" spending to stimulate the economy, retrain workers and promote high technology; they ignored the growing deficit. But after Election Day, it grew even larger. Gore teamed with economic adviser Robert Rubin to talk a reluctant Clinton into abandoning his "investments" - and a middle-class tax cut - to focus on deficit reduction. The move helped reduce interest rates and turn the recovery into a boom. "Al showed a decisiveness and a willingness to make tough choices," says Will Marshall, president of the Progressive Policy Institute, the New Democrat's think tank, who rejects the notion that Gore...
...surplus, of course, is what also allows Bush to propose a $1.6 trillion tax cut while promising to spend $402 billion (about twice what Clinton-Gore promised in 1992) on education, defense, health care and a prescription-drug plan. And for all Gore's talk about risky schemes that squander the deficit, it's worth remembering that spending the surplus on a big tax cut and somewhat smaller spending plans isn't inherently "riskier" than spending it on big spending plans and a smaller tax cut. Both men blow through the money. The challenge is to identify the priorities embodied...
...That's why Gore worked so hard during the debate to discredit Bush's tax cut, referring to it 10 times as a plan that would give more to the wealthiest 1% (families that earn $319,000 a year or more) than Bush spends on health care, the prescription-drug benefit, education and defense combined. He wanted to brand Bush as a tax adviser to the plutocracy, but he appears to have had only modest success; in the TIME/CNN poll, just under half of voters agreed that Bush's plan "would enrich the wealthiest 1% of Americans." Given the high...
...squabble over the richest 1% is both symbolic and a bit silly. Obviously, any across-the-board tax cut is going to deliver the biggest dollar savings to the wealthiest Americans - they are after all the ones paying the most tax. Bush's conservatism tells him that no one should have to hand over more than a third of his paycheck to the Federal Government and that a big tax cut strangles future government spending, stimulates the economy and, yes, trickles down. But he knows he can't sell the tax cut by talking about the fairness of giving high...
...That?s virtually the same number who smoked in 1997 and 1990. And while the 1998 data does indicate a slight decrease in smokers (24.1 percent versus 25.5 percent in 1990), the CDC isn?t exactly thrilled with such a sluggish rate of slowdown. The agency had hoped to cut smoking to 15 percent...