To: TommyDale
FINE PRINT
The president can also take comfort in that the scaled-down package was written to open the door for continued tax cuts.
Some of the bills cuts in personal income taxes would end after 2004 and the dividend and capital gains reductions would end after 2008 with levies then reverting to higher levels.
Politicians of both parties consider that unlikely to occur because accusations would fly about a tax increase.
I certainly intend to enhance these improvements in coming years, said Senate Finance Committee Chairman Charles Grassley, R-Iowa.
The liberal Center on Budget and Policy Priorities estimated that if the tax bills elements were left intact for the entire decade, its price tag would be at least $800 billion.
19 posted on
05/23/2003 1:01:09 PM PDT by
Ernest_at_the_Beach
(Where is Saddam? and where is Tom Daschle?)
To: Ernest_at_the_Beach
It's still insignificant. Even continued over 10 years, we won't really realize much individually. By the way, some estimates are as high as $1 Trillion. That's only $100 Billion per year. A tiny drop in the bucket. And for people with children grown and gone, no real tax break. This was a compromise to pacify the DemocRATS, nothing more.
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