Quick, Hide The Body! "...But the Bush administration chose to keep the findings out of the annual budget report for fiscal year 2004, published in February, as the White House campaigned for a tax-cut package that critics claim will expand future deficits.
The study asserts that sharp tax increases, massive spending cuts or a painful mix of both are unavoidable if the US is to meet benefit promises to future generations. It estimates that closing the gap would require the equivalent of an immediate and permanent 66 per cent across-the-board income tax increase."
posted by owillis
on May 28, 2003 -
18 comments
Political Fratricide: The GOP is reportedly [
+] proposing $15 billion of cuts — or is it $25? — in veterans' benefits between now and 2007, and groups like the
Veterans Against the Iraq War are hopping mad. Hell, I imagine the pro-war wing is pretty peeved, too. It's part of a plan
with delusions of grandeur to deliver massive tax cuts AND kill the deficit ... you know, the one that did not exist before W was elected, as I understand it ... in six years. The original tip is from
Stand Down. The actual status of the cuts is nebulous at this point, however, with the
SF Chron reporting that they will likely fail in the Senate as the tax cut is halved and
others reporting that the die is not yet cast. The House budget resolution, for metafilter accountants who like these things, is
here.
posted by hairyeyeball
on Apr 1, 2003 -
12 comments
