Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: sylvester80 who wrote (519050)	1/3/2004 6:11:09 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 769670

U.S. Budget Has Tax Breaks for Poor, Spending Cuts, NYT Says Jan. 3 (Bloomberg) -- The Bush administration's budget for fiscal year 2005 will curb growth in domestic spending and rely on an improved economy to reduce the size of the deficit, the New York Times said, citing administration officials. President Bush's budget, which will be sent to Congress by Feb. 2, will include several tax cut proposals, including new measures to promote individual savings and tax credits to help uninsured people buy health insurance, the newspaper reported. The president's budget plan for the fiscal year starting Oct. 1 also includes measures to control the rising costs of housing vouchers for the poor, require veterans to may more for some medications and eliminate some job training programs, the Times said. The New York Times said that the Congressional Budget Office and the White House budget office have projected a record deficit of more than $450 billion this year. Joshua B. Bolten, director of the White House Office of Management and Budget, told the Times that economic growth and slowdowns in spending will cut the deficit in half within five years. (NYT 1-03)