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Whose tax cuts? (Comment).

Publication: The American Prospect
Publication Date: 16-DEC-02
Format: Online
Delivery: Immediate Online Access
Full Article Title: Whose tax cuts? (Comment).(Editorial)

Article Excerpt
I'M WELCOMING MYSELF BACK TO the Prospect by declaring a holiday on the payroll tax. Starting as soon as possible, you'll be relieved of payroll taxes on the first $20,000 of your annual income. The tax holiday will last two years. Ballpark cost to the government: $700 billion. We'll pay for it by repealing Bush's estate tax cut, which will also cost around $700 billion. Are you with me? All we have to do is convince Democrats it's a smart move and strike fear in the hearts of enough Republicans to get it passed and signed. We'll start in January when Congress reconvenes.

Bush has a different plan, of course. His goal is to make his whopping $1.35 trillion tax cut permanent. Republicans love forcing Democrats to vote for or against tax cuts. It puts Democrats into a Republican box. Bush did it last year and it worked. But having lost both houses of Congress, Democrats should have learned their lesson. Avoid the Republican box. Instead, force Republicans into a Democratic...

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