Presidential plans fail on good-tax basics
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If taxes are the price of civilization, election year is the time for bargain hunting. Over the past few months, President Bush and Sen. John Kerry, D-Mass.
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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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Unable to extend tax breaks as part of a broad energy bill two months ago, lawmakers are trying to attach some of them to an emergency economic aid package containing rebates for millions of taxpayers.
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WASHINGTON - President Bush says his economic policies, including billions of dollars in tax cuts, are helping to create new jobs. But not the millions he promised...
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President Bush's campaign to make the tax code simpler, fairer and more pro-growth is likely to involve incremental changes to the current system rather than a sweeping effort to scrap the venerable income tax for a radically new approach, such as a national sales tax.
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A Republican election-year effort to fuse a cut in inheritance taxes on multimillion-dollar estates with the first minimum wage increase in nearly a decade was rejected by the Senate late Thursday.
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Presidents of both parties talk tough about eliminating unneeded, outdated or wasteful federal programs. But they rarely succeed.
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Two primary architects of Congress's last major tax reform say President Bush so far has failed to lay the groundwork for his ambitious tax agenda.
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Reforming the tax system is more politically risky and economically complex than the president let on during the campaign.
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The looming political battle over how to reform the tangled U.S. income tax code could get ugly. But one option, a tax aimed at boosting savings, holds promise.
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A sweeping corporate tax bill that would dole out nearly $140 billion in business breaks over the next decade was unexpectedly delayed in the Senate on Sunday over its failure
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WASHINGTON -- The Treasury Department's new plan for collecting billions in unpaid taxes is not a credible strategy, said a key senator who is holding up a tax official's nomination.
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Early gains were wiped out as the President shared his plan to stimulate the economy.
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At their national convention, Republicans were short on specifics on how to pay for an economic agenda in a second Bush administration. One reason is that President Bush could end up having to back a tax increase, just as his father did. But nobody wanted to spoil the Madison Square Garden party by mentioning such unpleasantries. After all, Republicans are insisting that Democrat John Kerry is the candidate who will increase taxes.
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On the home front and around the world, President Bush has failed the United States. His economic record is one of record deficits, loss of jobs, creation of low-wage jobs.
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Democratic presidential rivals called for higher taxes on the wealthiest Americans and on some corporations Thursday and said any thought of balancing the federal budget would have to wait.
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The strict rules that once limited tax cuts and entitlement spending increases lapsed two years ago. Limits on spending lost their teeth.