PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: rich4eagle who wrote (215795)	1/10/2002 1:32:39 AM
From: DOUG H	Read Replies (1) of 769670

Did you see this, Demizombie? "For that matter, most of the Bush tax cuts haven't even become law yet; they're phased in over several years, with the largest cuts coming after 2004. As readers of these columns know, that delay was one of our main caveats about the Bush tax proposal. We feared it wouldn't boost the economy quickly enough. Instead, the part of the tax cut that has had the most immediate budget impact was the tax rebate that Democrats insisted on as a price of their support. That rebate, from $300 to $600, was distributed last summer and autumn to much political fanfare but no discernable economic effect. The rebate took about $40 billion out of the projected budget surplus last year. If Mr. Daschle is as worried as he says he is by the return of budget deficits, he could always propose that Americans send their rebate checks back. But somehow that didn't make it into the Daschlenomics speech either."

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