BUSH TO OFFER NEW TAX BREAKS BY LABOR DAY!

Fox News ^

[Recovering_Democrat]

Bill Kristol, publisher of the Weekly Standard, just announced on Fox News: His sources say the President is going to challenge Congress to pass INCREASED 401(k) contributions, greater "write off" for investor losses, and some other tax cut proposals. The President will offer these tax cuts right after Labor Day.

Kristol says the proposals should pass the House, and put the heat on the Democrat Senate.

TEAM BUSH:
PLAYING TO WIN!

[The Vast Right Wing]

I don't think he will actually order an attack, but I would suspect that he wants the authorization debate to take place sometime in early-mid october, so the dems are twisting in the wind.

[Moonman62]

Tax cuts are the only thing he seems to know how to do right.

Reagan's tax cuts were designed to encourage investors to take the risks necessary in order to make the economy grow and create jobs. More jobs means more confidence and more spending. Bush's tax cuts are designed to increase demand directly. Investors sit on the sidelines, and job growth stagnates. The tax cuts provide temporary relief, but once the stimulus wears out, so does the increase in demand.

[Willie Green]

Tax cuts are the only thing he seems to know how to do right.

No. It's merely a cliche he relies on when he doesn't know what else to say.
You don't see him cutting much in the way of wasteful expenditures to balance the budget, do you?

[John Jorsett]

If he at least proposes to accelerate investment writeoffs over the current $3000, the Democrats will be put in an awkward position. Many people have suffered stock market losses, and the Dems would have to say that it's ok to continue to make them wait many years to fully realize those losses for tax purposes. All Bush would have to say is that it isn't 'fair' (one of the Dems favorite words) to make people wait a long time to realize losses, while forcing them to realize their gains immediately.

It would be a winner argument if he makes it.

[Cosmo]

"Common man investor?" Until recently, the dems would have you believe only the rich had investments, hence their demagoguery over capital gains reductions during those glorious gingrich years...God I miss Newt.

[TADSLOS]

Strategery is a wonderful thing to behold.

[afraidfortherepublic]

ANY tax cut would be great, but we really need property tax cuts in Wisconsin. Our overly aggressive assossor has just raised our assessments, and our greedy Aldermen are just waiting to collect the cash.

[oldvike]

greater "write off" for investor losses

Will this be retroactive to this year?

[MrB]

property tax cuts in Wisconsin

There is nothing that Bush or Congress can (or should) do about your state or local property tax.
You'll have to take care of that one amongst yourselves.

The wonderful thing about states having powers separate from the feds is that you can "vote with your feet" if your state or locality becomes oppressive.
Federal taxes, however, cannot be protested by moving.

[dread78645]

All sounds good to me. Of course, these are token tax savings. I'll take 'em, but let's see an across the board reduction in the income tax rates.

Concur. It's just fiddling with adjustments to income.
There's no tax cut here; probably the RINOs in congress can't stomach a fight on real tax cuts.

[Recovering_Democrat]

Tax cuts are the only thing he seems to know how to do right...

Yeah right. Some cheese with that w(h)ine?

[mlocher]

Tax cuts are the only thing he seems to know how to do right.

what else is there?

[Recovering_Democrat]

Yeah, you're right, being able to write off losses in the current year is a real bad idea. The Democrat idea of spreading it out is SO much better.

You whiners amaze me. Suspicious of everything. This ain't Clinton, folks. Thank God.

[BOBTHENAILER]

Common man investor was my invention to try and encapsulate their "Class Warfare" BS. Although they still lead their sheep to believe only the rich invest, they are kidding themselves and they know it.

I agree, not having Newt around is no fun, especially when we are in need of a bulldog to tear the figurative throats out of the disloyal opposition.

OTOH, I wouldn't be surprised to see capital gains reductions revisited.

[teletech]

When the RATS are out there proposing to reverse the tax cuts already in place and the President is out there proposing NEW tax cuts, the voters will have a clear choice. The party that RAISES taxes vs. the party that CUTS taxes! The party that says YOUR money is NOT YOUR MONEY vs the party that say YOU know best how to spend YOUR money. GO MR. PRESIDENT GO!

[Phantom Lord]

While tax cuts, across the board on income and on a wide variety of other things are not only needed, but the right thing to do the GOP should not plan on these being successful campaign tactics in the fall.

With the war and increased military spending and tax cut proposals we are writing the RATS campaign commercials for them.

"A return to the 80's!" will the the tile of their ads. Tax cuts, military spending, HUGE DEFICEITS! Pres. Bush wants to bring back the huge, wasteful tax cuts and spending of the Reagan 80's, saddling our children with huge deficeits they will have to repay.

And the sheeple, having been throughly brainwashed on the 80's will fall into lockstep, reject the proposals, and vote RAT in Nov.

And being that the GOP is wholly inept to respond in any meaningful manner will lose the debate almost instantly.

[Moleman]

These tax breaks will once again be for the rich, not the everyday Joe
>/sarcasam<

[GraniteStateConservative]

Kristol is the one who went on almost every news show and predicted a landslide victory for the GOP in 98. When we won, but not by huge margins, the Rats spun it as a loss. There was no reason for Kristol to make such outrageous predictions, except to raise expectations.

We lost in 1998. The Democraps went from a strength of 206 to 211 in the House. In the Senate, nothing changed, but Al D'Amato and Lauch Faircloth lost; Carol Moseley-Braun was the only Democrat loss. George Voinovich won Democrat John Glenn's open seat. Jim Bunning won Democrat Wendell Ford's open seat. Evan Bayh won Republican Dan Coats' (and Dan Quayle's before him) seat. Jim Hodges beat the Republican incumbent to become SC's next governor. Don Siegelman beat the Republican incumbent to become AL's next governor. Jeb Bush picked up an open governorship for the GOP that had been held by Lawton Chiles.