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A BOOST TO THE ECONOMY, I.(A)(Editorial)
Change is taking over Washington. A new Congress is being sworn in Wednesday, and a new president will take office in less than three weeks. But one thing remains the same: the establishment's ceaseless opposition to tax cuts.
It's a shaky position, though. Tax cuts, especially across-the-board rate reductions, are high-octane fuel for the economy and government revenue. What they're not good for are the elected and unelected class warriors.
N
early two weeks ago, we used this space to point out the media campaign
againstPresident-elect Bush's across-the-board $1.3 trillion tax cut. The media message is that an economic slowdown is no time to cut taxes.
This word comes from those who spent much of the last two years saying taxes shouldn't be cut when the economy is booming. Why? Because "those left behind" by the boom need to "share" in the wealth. That kind act would be impossible, the media wrongly believe, with a tax cut because it shrinks government's revenues and its ability to dole out other people's money.
Clearly, most pundits can't conceive of any circumstance that would warrant an across-the-board tax cut.
- Tax cuts as 'stimulus' - a global reality check; Is President Bush proposing...
- Newspaper article from: The Christian Science Monitor January 10, 2003 700+ words
...year, $670 billion tax-cut proposal a "growth package...economists do hold that tax cuts usually have an immediate...maintains that the Bush tax cuts would boost the federal...more than offsetting any tax-cut stimulus. Tax cuts a gl
- TAX-CUT TACTICS.(Bush's proposed tax cuts not popular because more Americans...
- Magazine article from: PR Week (US) February 10, 2003 700+ words
How do you sell tax cuts to people who don...trying to sell a tax cut - something that...says. 'Logically, tax cuts have nothing to do...expanding the 2001 tax cut ranked last. 'People...pushing relentlessly on tax cuts as the solution to...
- Budget 'leak' dampens tax-cut hopes of big tax cuts dashed
- Newspaper article from: The Independent - London COLIN BROWN Chief Political Correspondent November 25, 1995 700+ words
...face renewed pressure from Tory MPs over the weekend to go for tax cuts of at least pounds 5bn, financed by cuts in public expenditure...pledged that it would bring in a 10p starter rate for income tax, cut VAT on fuel to 5 per cent and levy a windfall tax on the profits...
- Democrats, Bush's tax cut and the budget.(Democrats blame tax cuts for budget...
- Newspaper article from: The Kiplinger Letter September 6, 2002 700+ words
Democrats blame Bush's tax cut for the budget deficit's return. But they won't push a repeal...effective, to play the blame game. Meanwhile, Bush will seek MORE tax cuts, betting that voters' concerns about their own finances outweigh...
- ALBANY MAY NOT APPROVE MANY PROPOSED TAX CUTS: AFTER CORPORATE TAX CUT...
- Magazine article from: Crain's New York Business August 2, 1999 700+ words
...negotiators settled on $250 million in tax cuts, it appears increasingly likely...to extend last year's corporate tax cut to banks and insurance companies...proposals, including $150 million in tax cuts for utilities and energy suppliers...
- Doing the tax-cut two-step.(Bush and Gore on possible tax cuts)(Statistical...
- Magazine article from: U.S. News & World Report Butler, Steven Longman, Phillip J. September 4, 2000 700+ words
...000, would get an average tax cut of $42,072, amounting...limit the amount you devote to tax cuts, you have to target it to...government, making it less of a tax cut than a direct subsidy. The...surplus that is available for tax cuts or
- Tax-cut momentum waning; Congress is debating whether to extend tax cuts...
- Newspaper article from: The Christian Science Monitor November 29, 2005 700+ words
...presidency on opposing tax cuts that they say primarily...have supported Bush tax cuts in the past, a vote on the tax-cut bill pending in the...from the politics of tax cuts earlier in the Bush...1.35 trillion tax cut that reduced individual...
- TAX CUTS : All the public policy Bush needs.(tax-cut bill campaign in...
- Magazine article from: Commonweal DIONNE Jr., E.J. March 23, 2001 700+ words
...also substantive: If this tax cut is really about stimulating...first term? Why not pass a tax cut for the next year or so...this argument to make the tax cut bigger. In fact, they...theory, they'd void future tax cuts if the surpluses didn...
