Tax Relief

Can anyone tell me why Congress is still “seriously” considering President Bush’s tax relief plan? Considering that the real cost of this war is not yet know, I think it’s irresponsible for any politician to vote for such a plan. Thankfully, the Senate (unlike the House) voted to cut the tax plan by $350 Billion. Wondering, how are we going to pay for this war? I have a sneaking suspicion that it’s going to be a lot more than the $70billion proposed by the President. As Senator John Breaux (D-La) indicated, “with a projected deficit of $300 billion and the unknown costs of war and reconstruction in Iraq, it is ‘not good policy’ to embark on a major new round of tax-cutting.”

Leave a Reply