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The Week.(News Briefs)
--If John McCain does go the third-party route, the name of Teddy Roosevelt's vehicle, Bull Moose, is available. Or he could choose a new second word.
--The tax cut Congress has passed is disappointing in several respects. It phases in very slowly-the only immediate relief being a one-point drop in income-tax rates. Too much of it (55 percent, according to supply-side economist Alan Reynolds's calculation) is made up of provisions that neither reduce the most damaging tax rates nor lighten the taxation of saving. But the tax cut is still larger than many observers thought possible as recently as January, and it will modestly restrain federal spending. The ...
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Source: HighBeam Research, The Week.(News Briefs)