21. Propositions to cut taxes or limit government spending were defeated in Massachusetts, Colorado, Nebraska and Utah. 22. If central government cuts taxes, so that the income of a representative individual increased by the same amount, the increase in local spending should be identical. 23. But cutting taxes raises the PSBR. 24. Although Republican leaders in Congress now say they will pare the budget before they cut taxes, much still hangs on how tax cuts are scored. 25. Among other reasons, Republicans in both houses are eager to use some of the surplus to cut taxes. 26. An incumbent who has cut taxes, restricted welfare benefits and presided over an economic comeback, Rowland appears to be a strong candidate for re-election. 27. Among the matters that still had to be resolved was the tax cut provisions. 28. Among other pledges, the Republicans say they will both cut taxes and balance the federal budget if voters give them control of Congress. 29. And Albany, with a governor elected on a pledge to cut taxes and desperate for cash, is hungry for the taxes casino gambling would bring. 30. And analysts see no prospect of a turnaround without a government move to kick-start the economy, such as by cutting taxes. |