Bush Open to Talks on Raising Payroll Tax Cap
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PORTSMOUTH, N.H.  - President Bush suggested in an  interview published on Wednesday he may be open to raising the  cap on Social Security taxes paid by high-income earners, but  told a crowd in New Hampshire he would reject an increase in  the payroll tax rate.
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Incoming prime minister Gordon Brown hints at a tax raise.
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President George W. Bush would like to see a package of tax cuts and other measures totaling around $140 billion to shore up the fragile U.S. economy, a White House document showed on Friday.
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President George W. Bush was open to a bigger economic stimulus than the $150 billion package he has proposed, the White House said on Tuesday as turmoil in world financial markets and fears of a recession prompted lawmakers to call for urgent action.
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A second Senate Democrat said Friday he was open to President Bush's idea of letting people divert some of their Social Security taxes to personal retirement accounts as Republican Party leaders tried to allay re-election fears among wavering GOP lawmakers.
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President Bush on Thursday ruled out raising taxes to finance the centerpiece of his second-term domestic agenda: a Social Security overhaul to help the system survive an impending wave of retiring baby boomers.
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Social Security and tax code changes could strain the federal budget. The president could use a rising GDP.
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Signaling he is poised to take a tough line with Democrats over the budget, President George W. Bush met on Wednesday with congressional Republicans and renewed a threat to veto spending he considers excessive.
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Treasury Secretary Henry Paulson said on Monday the Bush administration was considering how to give the economy a boost as it weathers a housing correction, but didn't want to rush.
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Republican leaders are willing to allow the first minimum wage increase in a decade but only if it's coupled with a cut in inheritance taxes on multimillion-dollar estates, lawmakers said Friday.
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NO HIKE: President Bush ruled out raising taxes to finance an overhaul of Social Security to help the system survive an impending wave of retiring baby boomers.
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The White House insisted on Tuesday that the timetable for President George W. Bush&#39;s proposed revamp of the tax code had not changed and Bush sees it as a top priority.
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President Bush conducted an Oprah Winfrey-like chat session to drum up support for his plan to expand health coverage by revamping the tax code.
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President Bush today opened talks with a bipartisan group of congressional leaders on an economic stimulus package and said he was optimistic that he and lawmakers could find "common ground" on measures aimed at heading off a U.S. recession.
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President George W. Bush on Friday called for a package of tax cuts and other measures totaling around $140 billion to shore up the fragile U.S. economy.
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While he didn&#39;t say &quot;read my lips,&quot; President Bush&#39;s statements on Thursday about the chances of increasing payroll taxes to pay for planned reforms in the Social Security system could hardly have been clearer.
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President Bush asked Congress today to increase the commitment to $30 billion over a five-year period.