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Keyword: sizable

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  • Democrats predict sizable budget surplus (in five years but only if Bush tax cuts expire in 2010)

    03/28/2007 6:57:24 PM PDT · by NormsRevenge · 24 replies · 175+ views
    AP on Yahoo ^ | 3/28/07 | Andrew Taylor - ap
    WASHINGTON - House Democrats pressed ahead Wednesday with a budget plan predicting a sizable surplus in five years, but only if President Bush's tax cuts expire in 2010 as scheduled. The majority Democrats' $2.9 trillion budget outline for next year would produce a $153 billion surplus in 2012 while raising spending for veterans, education, defense and national security. Democrats say the plan would finally mean a surplus after years of red ink under Bush and a GOP-controlled Congress. Republicans said allowing tax cuts passed in 2001 and 2003 to expire in 2010 would amount to the "largest tax increase in...