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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (316737)	12/20/2006 9:02:16 PM
From: combjelly	Respond to of 1573135

"They are saying Bush is making noise that a tax increase may be "on the table", at the least for some SS remedy." I don't see it. It is probably some sort of bait and switch so he can blame the "do nothing" Democrats and claim that they aren't willing to work together on a solution.

To: Road Walker who wrote (316737)	12/21/2006 8:22:01 AM
From: Alighieri	Respond to of 1573135

Bush: Add tax cut to minimum wage plan By Jennifer Loven Associated Press Published December 21, 2006 WASHINGTON -- President Bush on Wednesday endorsed the proposed $2.10-an-hour increase in the minimum wage--but with a catch. He said at a news conference that a pay boost should be accompanied by tax relief and regulatory relief for small businesses. Raising the minimum wage to $7.25 from $5.15 over three years is at the top of Democratic leaders' early to-do list for next year. Bush said he supports the minimum-wage increase, but over two years, and added, "we should do it in a way that does not punish" small businesses. "I support pairing it with targeted tax and regulatory relief, to help these small businesses," he said. But Sen. Edward Kennedy (D-Mass.), expected to head the Committee on Health, Education, Labor and Pensions in the new Congress, called for "a clean bill" for minimum-wage workers. Also Wednesday, Bush signed sweeping tax and trade legislation that revived some 20 tax breaks, extended trade benefits for developing countries and protected doctors from a big cut in Medicare payments. The bill is a patchwork of must-do items left for the lame-duck Congress. It was bundled together and passed just before adjournment. The measure: - Extends through 2007 a deduction for research and development initiatives. - Renews a deduction of up to $4,000 for higher education costs. - Gives tax breaks for teachers who pay for supplies out of their own pockets. - Lets taxpayers deduct state and local sales taxes instead of state and local income taxes, a provision that primarily benefits those in states with no income taxes. - Opens 8.3 million acres in the Gulf of Mexico to oil and gas drilling, and offers a dozen credits promoting alternative and efficient uses of energy. - Prevents a 5 percent cut in Medicare payments to doctors from taking effect on Jan. 1. - Renews, with increased federal contributions, a program to help clean up abandoned coal mines and provide health care for miners who worked for companies that have gone out of business. - Permanently normalizes trade with Vietnam and extends trade benefits for four Andean nations, sub-Saharan African countries and Haiti. Copyright © 2006, Chicago Tribune