Monday, March 07, 2005

GOP giving up on tax cuts?

It seems that the deficit hawks may have won out over the tax-cutters.

Jim Vandehei of the Washington Post writes:

At the same time, Bush's call for Congress to make permanent all the tax cuts enacted in his first term faces increasingly strong resistance among some Republicans concerned about rising deficits. The chairmen of the Senate Budget and Finance committees said in interviews last week that Republicans might wait until next year, or later, to consider the Bush plan, because the cuts do not expire until the end of the decade.
And, for the first time in years, Lindsey O. Graham (S.C.) and other Senate Republicans are advocating increasing taxes -- as a way to pay for a restructuring of Social Security (
news - web sites). Bush has not ruled out backing the effort.

...Read More!

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