TITLE

Salesman-in-Chief

AUTHOR(S)
Feldman, Amy
PUB. DATE
June 2003
SOURCE
Money;Jun2003, Vol. 32 Issue 6, p23
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
How does a wartime President sell hundreds of billions of dollars in tax cuts that even leaders in his own party fear would overinflate an already ballooning federal deficit? Only days after the fall of Baghdad, a confident U.S. President George W. Bush turned to ramming as much of his tax plan as possible through a skeptical Congress. As part of the lobbying blitz, 11 financial journalists were herded into the Roosevelt Room to hear the President's pitch. Bush shook hands with each of us, campaign-style, and got right to the talking point: Cutting taxes (including the tax that investors pay on their dividends) is more important to long-term economic growth than a balanced budget. Historically, the government has raised taxes during war, yet in recent weeks the White House has shifted the debate from whether there should be any tax cut to what size it should be. The President told us he would begin stumping in earnest later that week with a visit to Ohio -- home of a key Republican senator who insists on limiting tax cuts to $350 billion rather than the $550 billion minimum the White House now wants.
ACCESSION #
9732939

 

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