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Entitlements? Now?(ISSUES & INSIGHTS)(EDITORIALS)
Economy: The news on economic growth is not good, and it's likely to get worse. Why, then, are some in Congress harping on new entitlements?
While markets cheered the government's report on gross domestic product -- it wasn't as bad as expected -- the fact remains: The economy shrank in the third quarter. And most analysts see it shrinking even more in the fourth quarter. In fact, the economy was tanking even before Sept. 11.
Meanwhile, Congress has been dithering over the best way to stimulate the economy.
The House favors tax cuts, with the Senate pushing smaller tax cuts and new entitlements for the unemployed, namely expanded unemployment benefits and medical subsidies.
To be sure, the House plan has its flaws. The retroactive repeal of the alternative minimum tax for corporations, for instance, might let Republican lawmakers keep their jobs. But it will do little to help corporations create new jobs for the unemployed.
Still, the GOP House would speed up income-tax cuts and pare the tax on capital gains taxes, as well as change expensing rules to encourage business investment.
But for a group that likes to decry partisanship, the Democrat-led Senate has stuck to its roots and pressed for handouts for the poor and unemployed.
- Bush administration offers compromise on unemployment benefits, still opposes...
- Newspaper article from: Daily Record (Baltimore, MD) December 11, 2001 700+ words
...with Democrats on unemployment benefits. Democrats responded...still oppose key GOP tax cuts. Treasury Secretary...week extension of unemployment benefits wanted by Democrats...business and individual tax cuts. Senate Majority...
- Bush to unveil stimulus package of tax cuts, unemployment benefits.(Knight...
- Newspaper article from: Knight Ridder/Tribune News Service Moritsugu, Ken Ibarguen, Diego January 2, 2003 700+ words
...rely chiefly on tax cuts but also to...extension of unemployment benefits. The proposal...calling for tax cuts targeted at...accelerating income tax cuts scheduled for...Congress to extend unemployment benefits. A previous...
- Bush to unveil stimulus package of tax cuts, unemployment benefits.
- News wire article from: Knight Ridder Washington Bureau (Washington, DC) January 2, 2003 700+ words
...rely chiefly on tax cuts but also to...extension of unemployment benefits. The proposal...calling for tax cuts targeted at...accelerating income tax cuts scheduled for...Congress to extend unemployment benefits. A previous...
- Michigan Governor: Keep Tax Cuts, Increase Unemployment Benefits.
- Magazine article from: The Bond Buyer Carvlin, Elizabeth January 25, 2002 700+ words
...preservation of tax cuts and an increase in the amount of unemployment benefits. In his final state...business and income tax cuts. "We need to consider...protecting income tax cuts and by raising unemployment benefits." With growing...
- Senate passes unemployment benefits package.
- Newspaper article from: Chicago Tribune (via Knight-Ridder/Tribune News Service) March 8, 2002 700+ words
...extension of unemployment benefits and limited tax cuts designed...controversial tax cuts that were...of regular unemployment benefits, the Labor...weeks of unemployment benefits to the standard...that the tax cuts would cost...
- Senate passes unemployment benefits package.(Chicago Tribune)
- News wire article from: Knight Ridder/Tribune News Service Zuckman, Jill March 8, 2002 700+ words
...extension of unemployment benefits and limited tax cuts designed...controversial tax cuts that were...of regular unemployment benefits, the Labor...weeks of unemployment benefits to the standard...that the tax cuts would cost...
- House votes to extend unemployment benefits.(Chicago Tribune)
- News wire article from: Knight Ridder/Tribune News Service Zuckman, Jill March 7, 2002 700+ words
...a package of unemployment benefits and limited tax cuts designed to help...would extend unemployment benefits by 13 weeks beyond...extension of unemployment benefits by a unanimous...tacking on the tax cuts sought by the...
- House votes to extend unemployment benefits.
- Newspaper article from: Chicago Tribune (via Knight-Ridder/Tribune News Service) March 7, 2002 700+ words
...a package of unemployment benefits and limited tax cuts designed to help...would extend unemployment benefits by 13 weeks beyond...extension of unemployment benefits by a unanimous...tacking on the tax cuts sought by the...
- Bush Shifting Focus to Tax Cuts, Job Growth.
- Newspaper article from: The Dallas Morning News (Dallas, Texas) (via Knight-Ridder/Tribune Business News) January 4, 2002 700+ words
...language used Thursday to discuss the package of tax cuts and unemployment benefits. Last month it was the more wonkish "economic...included extended unemployment benefits, corporate tax cuts, and tax rebates for low-income workers. But...
- Bush Seeks $75 Billion in Tax Cuts, Federal Spending to Revive Economy.
- News wire article from: Houston Chronicle (Houston, TX) October 4, 2001 700+ words
...infrastructure needs and unemployment benefits. Republicans want tax cuts for businesses and investors...about was an extension of unemployment benefits from 26 weeks to 39 weeks...better for the economy -- tax cuts or spending -- is already...
