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Politics : PRESIDENT GEORGE W. BUSH
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To: MKTBUZZ who started this subject3/21/2003 11:18:56 AM
From: Baldur Fjvlnisson  Read Replies (2) of 769670
 
Consequences of Bush's silly 2001 tax plans

***Individual and corporate tax cuts enacted in 2001 and 2002 have eaten into revenues, as well as the recession in 2001. Increased spending for national security and the military have also put pressure on the outlays side.

Through the first five months of the budget year, federal revenues were down 8.2 percent, while spending has increased by 7.6 percent, according to Treasury data.***
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