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Non-Tech : The ENRON Scandal
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To: Mephisto who started this subject3/13/2003 12:15:03 AM
From: Mephisto   of 5185
 

Bush's Tax Cut Brushoff
washingtonpost.com

By David S. Broder

Sunday, March 9, 2003; Page B07
The following is an excerpt from article:

"The cavernous hearing room of the House Ways
and Means Committee was wall to wall with lobbyists the other afternoon, as it always is when a
tax bill is on the agenda. Treasury Secretary John Snow
was testifying on behalf of President Bush's proposal to cut taxes again -- this time by an
estimated $726 billion over the next 10 years. That's three-quarters of a trillion dollars,
not counting the interest costs on the additional borrowing
needed to finance this bonanza.

While the lobbyists seated around me whispered to each other their hopes
of attaching their favorite features to the administration bill, Democratic
members were peppering Snow with questions, asking how the country
could afford all this when the budget this year is at least $300 billion in the
red and no one -- certainly not Snow -- could offer even a horseback
estimate of what a war with Iraq and its aftermath might cost.

But the president's man was not fazed. "We can well afford the war,"
Snow said, "and we'll put it behind us."

That nonchalance -- the brushoff to nitpicking questions
about the massive debt being handed to our children and grandchildren -- is what makes
the atmosphere in Washington so mind-boggling these days."

"But the taxcutting in Washington looks remarkably indulgent
when you see what is happening in the states."

© 2003 The Washington Post Company
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