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Gimme shelters.

Publication: The American Prospect
Publication Date: 01-NOV-03 		Format: Online - approximately 745 words
Delivery: Immediate Online Access
Full Article Title: Gimme shelters.(The taxonomist)

Article Excerpt
If you thought President Bush was done with tax cutting for the rest of his term--as Bush's budget director promised in June--you've got another think coming. Pending in Congress this fall, with Bush's avid backing, is still another round of huge tax cuts. This time our lawmakers are planning their third major corporate tax reduction in the past two years.

In light of the government's dire budget straits, more tax cuts might seem pretty reckless. After all, in the just completed fiscal year, combined federal personal and corporate income taxes fell to only 8.4 percent of the economy, their lowest level since before World War II and a third lower...

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