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To: Jorj X Mckie who wrote (12916)	11/14/2002 12:43:46 AM
From: Libbyt	Respond to of 57110

Treasury Sec. Backs Continued Tax Cuts Thursday November 14, 12:06 am ET Reuters WASHINGTON (Reuters) - U.S. Treasury Secretary Paul O'Neill on Wednesday backed the Bush Administration's plans to pursue continued tax cuts, and said he was preparing an array of economic stimulus options for the president to consider. O'Neill told The Charlie Rose Show on television he thought accelerated tax cuts, particularly those affecting married couples and families with children, could help free up capital and bolster job creation. "I believe in using the tax cuts to help us achieve a real economic growth in the range of 3 to 3 1/2 percent because everything else in our society is more doable if we are running our economy at something close to the real rate of growth," he said. He also said any U.S. economic weakness was due to overcapacity in telecommunications and residual problems with the airlines, still coping with the aftermath of the Sept. 11, 2001 attacks. He said strong housing starts were commensurate with the growth of families and did not reflect an unbalanced recovery. "It doesn't look to me like we're running ahead of ourselves in terms of too many houses being created," O'Neill said. "I don't think we've got a problem there." "The thing that we feel responsibility for now is that this economy stay on the positive side of the line, and that we begin to see rebuilding toward 3, 3-1/2 percent yield growth as we go into next year." biz.yahoo.com