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George W. Bush - Tax Reform

During the 1990s, because the federal budget deficit continued to be a problem for the Clinton Administration, many traditionally sacrosanct federal programs were put under the microscope. However, the current administration and their figurehead, President George W. Bush, have to undergo an entirely different kind of scrutiny. Presently, faced with a federal budget surplus provided by their predecessors, the Bush Administration is proposing to fund a tax cut, which has democrats up in arms. While President Bush tries to gain bi-partisan support on Capitol Hill for his proposed tax cut, he continues to formulate his agenda by voicing his administration's view in a public forum.

Since his belated inauguration in early 2001, President Bush has been propagating his different agendas from education to campaign reform. One of his biggest and, perhaps, most debated proposals is that of his $1.6 trillion dollar tax cut over the next ten years. Spurned on by the Congressional Budget Office's (CBO) forecast of a $5.6 trillion budget surplus over the next ten years, Bush's Administration believes that there is more than enough room for a cut of that size. Now, the question still remains of whether or not the Democrats in senate wi


1) Office of the Press Secretary. "Remarks by the President to the Uited States Chamber of Commerce." April 16. 2001.http://www.whitehouse.gov/news/releases/2001/04/20010416-4.html

gory, a category that was kept tightly under wraps by the previous administration. Larry Lindsay, the president's chief economic advisor, and Nicholas Calio, Bush's chief liaison, will have their hands full warding off the rabid interest groups.

3) Roskin, Michael, et.al. (1997). Political Science: An Introduction. Prentice-Hall Inc.

Thus far the Democrats aren't rolling over, but the good news is that are not rushing to the barricades either. It seems that the congressional leadership is trotting out old-time populism. Amongst their favorite props is a sound bite from Senator Tom Daschle that depicts the tax cuts as, "a muffler for the working class and a Lexus for the rich." The party's large and growing centrist element is willing to support perhaps a portion of the cuts, and they favor some of the business-tax breaks that the Bush white house opposes. However, there are some strong dissenting opinions from both sides that probably won't be stifled until the final bill passes later this summer.

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Approximate Word count = 2499
Approximate Pages = 10 (250 words per page double spaced)


  

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