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House Panel Back Bush on Further Tax Cuts

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54anickel Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-04 01:42 PM
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House Panel Back Bush on Further Tax Cuts
http://www.nytimes.com/2004/03/17/politics/17CND-BUDG.html?ex=1080190800&en=ff2adf4c69190500&ei=5062&partner=GOOGLE

WASHINGTON, March 17 — The House Budget Committee handed President Bush a victory today when it endorsed his push for further tax cuts.

The panel approved a bill that would require lawmakers to hold down increases in spending in future years, yet leave them free to extend the tax reductions that the president has been able to push through Congress.

The committee's action was a setback for Democrats, who have argued that the White House-inspired tax cuts are the real reason for the ballooning federal budget deficits.

If the full House should go along with the budget panel's stance, the House would be at odds with the Senate, even though both chambers are controlled by Republicans. Action in the full House was possible before nightfall and would foreshadow more negotiations between the House and Senate, Democrats and Republicans, White House and Capitol Hill.

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Moderator DU Moderator Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Mar-17-04 01:44 PM
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