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!

[MinorityRepublican]

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

Haha, I take it that you forgot ex-42 already?

Also I bet you voted for Perot in 1992.

[cake_crumb]

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

Long, drawn-out "fiscal responsibility" speeches and lotsa "Bush overspends" statements + a probable resurrection of the first "Bush tax cut caused the economy to break down" coming very soon then...be prepared.

[Miss Marple]

Even you are doing it. We HELD both houses, something no one thought we could do. I would point out to you that our margin would have been greater if we had not had the dissastrous PR effect of the budget shut-down, which originally I was behind, but in hindsight I see was a disastrous step since it allowed the Rats to paint us as mean-spirited.

Now who do you think helped push that shut-down?

Look, I know we lost some seats in 98, but we still had the House and Senate. Bush won the election, but not by much. Are you going to say he lost?

I point this out because Kristol has a habit of trying to stampede the GOP into poor decisions (politically speaking) and I do not think he has the best of motives. I certainly think that tax cuts, if presented properly, could be a winning strategy. I trust the President knows what is doable and what is not. I do not, however, trust Kristol.

[Miss Marple]

Even you are doing it. We HELD both houses, something no one thought we could do. I would point out to you that our margin would have been greater if we had not had the dissastrous PR effect of the budget shut-down, which originally I was behind, but in hindsight I see was a disastrous step since it allowed the Rats to paint us as mean-spirited.

Now who do you think helped push that shut-down?

Look, I know we lost some seats in 98, but we still had the House and Senate. Bush won the election, but not by much. Are you going to say he lost?

I point this out because Kristol has a habit of trying to stampede the GOP into poor decisions (politically speaking) and I do not think he has the best of motives. I certainly think that tax cuts, if presented properly, could be a winning strategy. I trust the President knows what is doable and what is not. I do not, however, trust Kristol.

[Always Right]

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

I assume you think Bush should have kept Kyoto and the ICC alive?

[Miss Marple]

Sorry for the double post. I have NO idea how that happened!

[Always Right]

Will this be retroactive to this year?

Probably not, but then you should still be able to carry over any losses from this year and then write them off next year.

[Salvation]

he wants the authorization debate to take place sometime in early-mid october, so the dems are twisting in the wind.

This will be fun to watch come mid-October!

[oldvike]

Thanks! Being a dummy when it comes to taxes, I didn't realize you could carry losses over.

[windchime]

The potential would be there for your scenario if a tax cut is proposed. Good angle! You have been watching their maneuvers!

But,what our readers need to remember is that no one from the Bush administration has presented such a plan yet. The other day President Bush did allude to an interest in increasing tax credit for stock losses, but it was just an impromptu statement regarding the economic forum.

Kristol has been very critical of President Bush. To have opinions on issues that differ from the administration is fine, but his derisive manner has been exhibited publicly. (to be fair his most recent comments have been more positive) Bush wasn't his GOP presidential choice and sometimes I wonder where his allegiance lies.

Before I get my hopes up about a tax cut, I want to hear it from President Bush.

[cake_crumb]

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

They'd have a hard time getting me to fall into lockstep, since I prospered in the '80's.

However, I think you're absolutely right about the way the Dems will handle it...and they'll probably start the propaganda campaign yesterday.

[agarrett]

  I'm glad to see I'm not the only one who thinks this would be a bad move politically.

  First off, we're running a deficit again. I notice that President Bush is no longer saying he'd said we could stay in the black with his tax cuts except in case of war, emergency, or recession. Part of the reason, I'm sure, is the beating he was taking (led by The New Republic) because he'd never said that while trying to pass the cuts. If he now tries to pass more cuts, expect the press to be merciless - the Democrats (the ones not in the press, that is) won't have to do anything on this point.

  No, they'll spend their time making sure to highlight any portion of the cut that looks like it's going to the rich. We've already had people here suggesting raising the capitol loss from $3,000 to $20,000. Imagine how that will look - it'll immediately go to the percentage of people who lost $20,000 who are rich, and it's a safe bet that this is the majority. The GOP does not have a good record of beating back this kind of argument.

  If President Bush proposes new tax cuts before the election, I expect him to get skewered. The merits of the tax cut are irrelevant.

Drew Garrett

[MissAmericanPie]

Seems to me he is handling the economy just right for someone who has had the democrats lay as many land mines as they possibly could and can in front of him.

Hey...Greenspan, we know who you are and we saw what you did.

[cake_crumb]

Oh, I don't think tax cuts are a bad move politically, and certainly not economically. The left and the media are on a campaign to crucify President Bush no matter what dicision he makes, simply because he's a Republican.

Also, deficit spending came so fast after 9-11 because the "surplus" that Clinton was so proud of was nowhere NEAR as big as his propaganda machine was telling us. The Democrats, of course won't spin it that way.

I also agree with Miss Marple about this...rather premature announcement from Kristol. I'll wait and hear what the president himself has to say about it.

[bray]

Hey Dashole, how do you like holding your lousy pair of Enrons when The Sheriff is holding a Full House?? Maybe you can bluff your way out of this hand by lying to the old people?? You came to the table driving a $40,000 Lexus and will be leaving in a $100,000 bus!

Pray for GW and the Truth

[cake_crumb]

"I notice that President Bush is no longer saying he'd said we could stay in the black with his tax cuts except in case of war, emergency, or recession."

Of course he stopped saying it...he isn't stupid.

The "emergency" caused by the 9-11 attacks on the US resulted in "war" and caused the stock market to collapse much faster than it otherwise would have - though it WOULD have collapsed because the Enron debacle was really bad in 2000 - but the implosion combined with lack of consumer confidence has us teetering on the edge of "recession."

[Lorena]

I do not, however, trust Kristol.

Neither do I! I was overjoyed when I saw the title of this thread, but then when I saw the source, my heart sank immediately. I don't believe a word from the possum's mouth and suspect ulterior motives of anything he does say. I'll wait to start jumping up and down about tax cuts until I hear it from The Man himself.

[MeekOneGOP]

.......I pay NO attention to Kristol, and I would advise everyone to wait and see what develops, and remember that Kristol has a history of trying to raise expectations far beyond what is possible or reasonable, to the detriment of the GOP.

He's no friend of Bush, is he?

Any big stick he might have, he uses to stir up trouble for Bush!

[demkicker]

"It would sure be nice if they raised the $3,000 limit on capital gains losses to $20,000. The current limit was set in the late 70s."

Man, I hear you! I'm really peeo'd at the piddley $3000 write off

[OldFriend]

The head of Charles Schwab made this recommendation to the President at the Economics Summit last week. The President came out praising the idea about raising the loss deductible to $20,000. No doubt the President intends to recommend such a change or he wouldn't have made particular mention of the suggeston.