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Tax Cutter's Boom.(ISSUES & INSIGHTS)(EDITORIALS)(Editorial)
Economy: The economy's sizzling 7.2% growth pace in the third quarter shows pretty conclusively what some hate to believe: President Bush's tax cuts worked.
You can count on a few things in this world. The swallows will return to Capistrano. Salmon will spawn. Canada's geese will fly south for the winter. And tax cuts will create growth.
Bush inherited a mess when he entered office in 2001 -- an economy already suffering from shrinking job growth, a collapse in business investment, and one of the worst stock market crashes in history. The economy was already contracting. It was a recession not of Bush's doing.
But Bush did the right thing, the smart thing: He cut taxes.
Not once. Not twice. But three times.
We heard the screams and complaints. A giveaway to the rich, some said. Raise taxes if you want to grow, still others moaned.
In one of the more bizarre twists of logic, some even claimed Bush's tax cuts caused the recession -- a metaphysical impossibility, since the recession began before taxes were cut.
- Bush's latest tax cuts seal legacy.(USA)
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...s 1981 cut was larger than the Bush tax cuts, relative to the size of the...spending restraint." To date, the Bush tax cuts already enacted have cost the...With interest, that takes the Bush tax cuts to $2.2 trillion in the next...
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- Magazine article from: The American Prospect McIntyre, Robert S. July 1, 2002 700+ words
...about frontally attacking the Bush tax cuts that are the central cause of...half a trillion dollars from the Bush tax cuts enacted last year. The $477...a hefty down payment on their Bush tax cuts--averaging just under $12...
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- Newspaper article from: Chicago Tribune (Chicago, IL) January 6, 2006 700+ words
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- Newspaper article from: Chicago Tribune (Chicago, IL) January 7, 2006 700+ words
...Congress to act Still, as Bush credits the sweeping tax cuts of his first term for the...that don't believe in tax cuts," Bush told an appreciative, business...States Congress must make the tax cuts permanent." Bush also offered an upbeat assessment...
- Bush Says No New Tax Cuts Are Needed.
- News wire article from: Houston Chronicle (Houston, TX) August 14, 2003 700+ words
...Texas--President Bush said Wednesday he...believe a new round of tax cuts is needed to boost...credit checks. But Bush said another round of tax cuts was not among the...3 million jobs. Bush contends the tax cuts made the recession...
- Most tax cuts miss public; Gov. Bush slashed taxes; businesses and the rich...
- Newspaper article from: Sarasota Herald Tribune December 4, 2005 700+ words
...impact. A review of tax cuts enacted during Bush's terms show the...Asked which of his tax cuts provided direct benefits...class Floridians, Bush cited sales-tax holidays...economist who reviewed Bush's tax cuts said the intangibles...
- Candidates Bush, Kerry differ on tax cuts.
- News wire article from: Charleston Gazette (Charleston, WV) October 17, 2004 700+ words
...to make permanent the tax cuts enacted in 2001 and 2003 by Congress and the Bush administration. Kerry...says he would repeal the Bush tax cuts for the two highest income...everyone benefited from the Bush tax cuts, right? More money in...
- Bush signs law extending tax cuts, but impact on election is unclear.(Chicago...
- News wire article from: Knight Ridder/Tribune News Service Silva, Mark October 5, 2004 700+ words
...supports the middle-class tax cuts that Bush signed Monday _ although Kerry...wealthy. He proposes to repeal Bush's tax cuts for the wealthiest Americans...But Kerry wants to rescind Bush's tax cuts for taxpayers earning more than...
- Bush signs law extending tax cuts, but impact on election is unclear.
- News wire article from: Chicago Tribune (Chicago, IL) October 5, 2004 700+ words
...supports the middle-class tax cuts that Bush signed Monday -- although Kerry...wealthy. He proposes to repeal Bush's tax cuts for the wealthiest Americans...But Kerry wants to rescind Bush's tax cuts for taxpayers earning more than...
