11. An even more signature issue for the president is tax reduction, and in this respect his budget is optimistic, in both economic and political terms. 12. And without the spending cuts, the tax reductions could raise the federal budget deficit and possibly interest rates. 13. And those making a million dollars or more a year wound up with the biggest tax reduction. 14. And we also gave tax reductions to most small and new businesses. 15. And with states competing in tax reduction, many will drop the programs. 16. Apparently, this was supposed to show me the error of my ways in supporting tax reduction. 17. Asked why so many congressional Democrats have voted for the GOP bills, Daschle conceded that political realities make it difficult for lawmakers to oppose tax reductions. 18. As they have debated the tax measures, Republicans in Congress have made no apologies for the tax reductions they are giving the well-to-do. 19. At the heart of the debate is what to do with a long-deferred tax reduction scheduled to take effect this year. 20. Baan said it will begin stating the tax reduction in its third-quarter earnings and will use part of the tax savings to speed up investment. |