Bush Considers Tax Cut

[unhappycamper]

Bush Considers Tax Cut
Associated Press | January 05, 2008

WASHINGTON - The Bush administration, faced with a deteriorating economy and a big jump in unemployment, said Friday it was considering an economic stimulus package that might include tax cuts to ward off a recession.

Officials stressed that President Bush has not decided yet to offer a proposal but was looking at a variety of options with a plan possibly being unveiled around the time of his Jan. 28 State of the Union address.

"The president is always looking at options ... always talking to people and looking at data," Commerce Secretary Carlos Gutierrez said in an interview with The Associated Press.

Bush met Friday with top economic officials including Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, who are part of the president's working group on financial markets, a group formed after the 1987 stock market crash to monitor markets.

The president was given an assessment of how the economy is behaving and how financial markets are performing after the severe credit squeeze that hit in August. A number of big financial institutions have declared multibillon-dollar losses because of rising defaults in the subprime mortgage market.


Rest of article at: http://www.military.com/NewsContent/0,13319,159454,00.html?wh=wh



uhc comment: Here's another idea - get the fuck out of Iraq and you'll be saving $12,000,000,000 a week.

[PATRICK]

1. Fake carrot

Just throwing crap out there to calm the political scene and the markets with 0 intent ever to do anything.

[Benhurst]

2. Where's my umbrella? I've got a feeling I'm about to be trickled down on.

[billybob537]

3. Poor pathetic little coward.

Doesn't he know nobody is listening!