Next President to Face Pressure on Taxes
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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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Democratic presidential rivals called for higher taxes on the wealthiest Americans and on big corporations Thursday and said any thought of balancing the federal budget would have to wait.
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WASHINGTON - Republicans will be much stronger on Capitol Hill next year, almost in a position to give President Bush whatever he wants on taxes, limits on legal damages, drilling in the Arctic and nominations to the US Supreme Court.
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President Bush, poised to submit his new budget to Congress next week, warned Saturday that unless programs like Medicare and Social Security are changed, future generations will face tax hikes, government red ink or huge cuts in benefits.
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Once the bluster has settled down on Capitol Hill, millions of taxpayers will likely be getting a tax rebate later this year.
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A bill expected to get President Bush&#39;s signature soon would allow Florida taxpayers to deduct sales tax on their federal income tax forms.
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The threat of growing protectionism  and higher taxes are the issues nearest and dearest to  investors as the U.S. presidential election gathers steam this  week with Tuesday's primary in New Hampshire.
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United for urgent action, the White House and Congress raced toward emergency steps Thursday to rescue the national economy from a possible recession, including tax rebates of at least $300 a person Â and maybe as much as $800.
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President Bush will be confronted by  strong domestic and foreign policy challenges as he begins a  second term this week that will go a long way toward  determining his place in the pantheon of American presidents.
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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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Four years ago, presidential candidate George W. Bush promised a record tax cut. He delivered income-tax cuts of $270 billion a year - a statistic he loves to cite.
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Pressure is mounting on Treasury Secretary Henry M. Paulson Jr. to produce results or face protectionist measures in Congress next year.
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WASHINGTON - Just in time for the election, President Bush is going to one of the most contested states to sign his fourth tax cut in four years.    The White House is holding the signing ceremony Monday at a YMCA in Des Moines, Iowa - a Democratic area of a state that Bush lost by a razor-thin margin in 2000...
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Whichever party wins the next general election will have to cut spending or raise taxes by Â£7bn if it is not to break Gordon Brown&#39;s &quot;golden rule&quot;.
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Like a captivating novel, the 650-page tax act headed toward President Bush&#39;s desk will make you want to laugh, cry and scream.
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FREDERICKSBURG, Virginia  - President George W. Bush, in a battle with Congress over spending legislation, vowed to veto any tax increase.
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Plan anticipates flood of new red ink that will rival the record deficits of his first term, officials say.