Topic: George W. Bush

Analysis: Storms ahead as debt deal sets up tax fight

WASHINGTON (Reuters) - If Congress passes the debt ceiling deal by Tuesday, as expected, it could trigger a battle over tax reform within weeks and turn Washington once again into a dateline for deadlock.The deal calls for a 12-member special congressional panel ...

A somber anniversary

At 10 years old, Bush tax cuts continue to hurt the nation's fiscal futureWhen President George W. Bush took office in 2001, he was handed quite the gift. The nation had been running a budget surplus, and there was talk that the ...

Sun can also rise after tax hikes

CARSON CITY - Let's play "Who said it?""I believe that that will in fact kill the current recovery and put us back in a recession. It might take one and half or two years, but it will happen."That's Gov. Brian Sandoval, attacking ...

Cutting the federal deficit

Obama lays out a strong proposal for handling the nation's budget woesPresident Barack Obama on Wednesday called for shared sacrifice as he outlined a budget plan that he said would cut the deficit by $4 trillion over the next 12 years. Obama ...
Republicans oppose Democratic bill to have tax cuts expire at upper incomesSenate Republicans have blocked legislation allowing taxes to rise on Jan. 1 on people earning more than $1 million.The vote was 53-37, seven short of the 60 needed to advance the ...
Senate Republicans oppose Democratic bill to have tax cuts expire at upper incomesSenate Republicans have blocked legislation allowing taxes to rise on upper income taxpayers on Jan. 1.The vote Saturday was 53-36 — seven short of the 60 needed to advance the ...

Tax Debate Heats up in Washington

Congress appears to be gearing up to tackle the question over whether tax rates should increase in 2011.. increasing taxes on millionaires and not raising tax rates for people who make less than $1 million, reports the Washington Post..

George H. W. Bush Edition

? These were the words Vice President George Bush said as he accepted the Republican nomination for president in 1988. Two years later, Bush faced an electorate that cashiered him from office, the ?read my lips? line an albatross around his neck.. ...
A handful of Senate Democrats are proposing an exceptionally smart, and likely inevitable, compromise solution to extending the Bush tax cuts by increasing the tax cut threshold from $250,000 to $1 million in annual income. ("Bush tax cuts" refers to two bills ...
How Congress' decision on whether and how to extend Bush-era tax cuts could affect economy On this, economists agree: Extending tax cuts passed under President George W. Bush for low- and middle-income people would strengthen the weak economy. The question is what ...
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