Word: reductionism
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Bush has another problem. Two weeks ago, he told Iowa public television that if he were President, he would sign the 10-year, $792 billion tax cut passed by the House. That bill calls for a 10% across-the-board income tax cut and a 25% reduction in the capital...
So why don?t I want a tax cut? The Republicans tell me their compromise combo platter, currently ambling toward a White House veto, is just what I?ve been dreaming about at night: a 1 percent reduction in income taxes and less taxes on what I?m saving for...
See, both Clinton and the Republicans have already promised to devote two-thirds of the projected $3 trillion, ten-year surplus on shoring up Social Security and Medicare. (In the short term, that means national-debt reduction, because the programs are still healthy, and will remain so for 20 years...
If that sounds familiar, it?s supposed to ? and Clinton won?t be easing up anytime soon. The plan: Keep the public eye on debt-reduction (cue Larry Summers) and off what the White House likes to call "America?s future" or "needed programs." (In other words, new spending.) He...
Clinton wants tax relief too, but his more modest plan focuses on the lower end of the scale. The White House wants to funnel tax breaks into new Universal Savings Accounts, which would serve as government-subsidized iras for low-income earners. The heart of the Administration plan is devoted...