Word: reductionism
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Not that any tax cut would be detrimental: a moderate tax cut would still allow Congress to strengthen Medicare and Social Security while also committing to debt reduction. The problem with the president's tax cut is that it is so large that there will not be enough money left...
And of course it was Bush's big sales presentation, for the budget and the $1.6 trillion tax cut that pretty much everybody in America, including some widely publicized congressional Republicans, are a little leery of. Bush's task was to make the biggest tax cut in 20 years sound...
"I've heard all the talk about class warfare and this only benefiting the rich. I think when people take a good hard look at the rate reduction and who benefits and the fact that our plan... eases inequities in the tax code and that the bottom end of the...
What's the billionaire beef? Basically this: revenue lost from repeal of the estate tax would mean additional tax on the middle class or a reduction in their benefits and services. Further, repeal would lead to a steep drop in charitable giving as the wealthy stop looking for ways to...
Bush's plan, of course, sets aside more than half of that $2.7 trillion pie for tax cuts, along with what he promises will be healthy dollops for debt reduction and new programs, but he doesn't have all the details yet either. He submits his budget plan to Congress...