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Politics : HOWARD DEAN -THE NEXT PRESIDENT? -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (123)	9/14/2003 11:56:18 PM
From: American Spirit	Respond to of 3079

Kerry Backs Tax Cut Freeze to Defray Iraq Costs Sun Sep 14, 4:13 PM ET Add Politics - Reuters to My Yahoo! By Mark Felsenthal WASHINGTON (Reuters) - Democratic presidential contender Sen. John Kerry on Sunday urged a freeze on tax cuts for wealthy Americans as Democrats seized on the rising costs of Iraq (news - web sites) reconstruction as a political theme. Kerry, in an interview on CBS television's "Face the Nation" said President Bush (news - web sites) -- who is seeking an additional $87 billion to pay for rebuilding Iraq -- had mishandled the war and its aftermath. Kerry backed a Senate Democratic proposal to halt tax breaks for wealthy Americans to defray the costs of rebuilding Iraq. The legislation, which Democratic Sen. Joseph Biden of Delaware said on CNN's "Late Edition with Wolf Blitzer" he would introduce on Monday would delay tax cuts for Americans who earn more than $330,000 a year. "If we're going to have to ante up money additionally in order to safeguard our troops and get this job done ... there should be a shared sacrifice in America," said Kerry, a U.S. senator from Massachusetts . Kerry's comments were made as the Bush administration's handling of the economy becomes a greater source of frustration for voters ahead of the 2004 presidential elections. A new Washington Post-ABC News poll showed that 56 percent of Americans now disapprove of the job Bush is doing with the economy -- the highest negative rating on the issue since he took office. But Vice President Richard Cheney said trimming even part of president's tax package could jeopardize the shaky U.S. economic recovery. "An awful lot of the returns in that top bracket are small businesses and they provide an awful lot of the job growth in this economy," Cheney said on NBC's "Meet the Press." Bush's request for emergency spending for Iraq, which comes on top of $79 billion Congress has already approved for the purpose, would increase next year's already record projected budget deficit to $525 billion. White House officials defended earlier lower cost estimates for rebuilding Iraq, saying they misjudged what bad shape the country was in.