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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: amadeus who wrote (132281)	3/17/2001 11:53:12 PM
From: amadeus	Respond to of 769670

this article points out the hypocrisy of the short term economic stimulus hype to justify the Bush tax cut.. most of it wouldn't even take effect til 2009!! : >>>Bush's tax plan, crafted during the robust economic times of 1999, would do little to combat the current slowdown Bush wrote his package when the economy was in its eighth consecutive year of growth. A long GOP primary fight seemed likely against Steve Forbes, one of his party's prime tax-cutters, and Bush needed a competing package and rationale of his own. Bush found it by arguing that it was time for "prosperity with a purpose" — using the government's flush surpluses to ease taxes and keep the economy strong. But it was not written with short-term economic stimulus in mind. Of Bush's original $1.6 trillion in cuts, just $183 million would take effect this year and $31 billion next year. Some $975 billion of it — 61 percent — would not kick in until 2009, 2010 and 2011 — after what would be Bush's second term. <<< foxnews.com