attack, saying it benefits rich, blah blah...
Excerpt:
WASHINGTON – Vice President Dick Cheney rebutted critics of the administration's sweeping tax cut proposals Friday in what is becoming an increasingly difficult sell among Democrats and some Republicans on Capitol Hill.
And within minutes of his rebuttal, Senate Democrats were back on the attack.
"I believe there ought to be a tax cut, but I don't believe that we ought to have a $675 billion, 10-year tax cut at a time when we are up to our neck in federal deficits that go as far as the eye can see," said Sen. Byron Dorgan, D-N.D.
"And I certainly don't think we ought to have a tax cut that has a minuscule amount of its impact on this country's economy in the next year."
Then, holding up a dime in the Senate press gallery, he likened it to the stimulus effect that President Bush's plan would have this year.
"A dime on the dollar," Mr. Dorgan said about $67 billion.
The sweep of the president's proposal – accelerating the income tax cuts already planned and eliminating taxes in dividends paid investors – has given Mr. Dorgan and other critics plenty of fodder. The cuts, they say, are too big, too late, too much for the wealthy and far too expensive, threatening to balloon deficits far into the future.
< snip >
Two years ago, a dozen Democrats backed the president's $1.35 trillion tax cut plan in the Senate. But so far, none are rushing forward for a reprise. And at least two Republicans – John McCain of Arizona and Lincoln Chafee of Rhode Island – have plenty of questions of their own.
See excerpt in post #2 for the "good stuff"...
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