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Politics : PRESIDENT GEORGE W. BUSH

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To: CYBERKEN who wrote (700577)9/8/2005 8:48:38 AM
From: Mr. Palau  Read Replies (2) of 769670
 
"The Senate has postponed indefinitely repeal of the estate tax. And making the last round of Bush tax cuts permanent is up in the air. There may be further tax cuts but they will be targeted at Katrina's victims, farmers and small businesses. The president's tax reform panel is to report its plan this month, but Congress will be unable to take more than a cursory look at it this year.

Congress was preparing to find $35 billion in Bush-backed cuts in Medicaid, student loans, welfare and food stamps, but those plans are on hold as looking unnecessarily punitive toward the poor.

Katrina has also given Congress an excuse to postpone the divisive issue of Bush's demands for immigration reform.

Social Security reform and private accounts are no longer at the top of anyone's agenda. And even if Bush could reverse the momentum running against him, Congress just doesn't have the time - with 11 spending bills technically supposed to be completed by Sept. 30 and the Senate having to confirm one and maybe two Supreme Court nominees."

thenewstribune.com
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