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Everyone hates the taxman and loves to keep their money, so a tax cut must be politically popular. If tax cuts are no longer ...
4. The Bush tax cuts are the main cause of the budget deficit. 5. Continuing the tax cuts won't doom the long-term fiscal picture; entitlements are the real problem.
Democrats warned that Bush is leading the nation toward another era of federal deficits with a 10-year, $1.3 trillion tax-cut plan.
WASHINGTON - President Bush urged Congress on Friday to approve at least $60 billion in fresh tax cuts to boost the staggering economy without resorting to the broad new government spending sought ...
Of the remaining $2.3 trillion, the aides said, Mr. Bush proposes a tax cut of $1.3 trillion over 10 years, leaving $1 trillion to pay for increased services and new programs.
Making all the tax cuts permanent would add about $3.9 trillion to the national debt over the next decade. Obama's plan to make the wealthy pay more would reduce that added debt by about $700 billion.