1.   He has also made modest tax cuts of his own in New York City.

2.   In placid periods this measure would represent only a very modest implicit tax on speculation.

3.   Altogether, these budget proposals for low- and moderate-income persons amount to a modest tax cut that would use the budget surplus to help the nation grow together.

4.   And even a modest tax would encourage manufacturing processes that minimize carbon dioxide emissions, to avoid the prospect of a heftier tax as the science develops.

5.   And it imposes only very modest new taxes.

6.   And the White House sounded cool even to the idea of a more modest tax cut.

7.   A modest tax reform package based on reduced marginal rates should have been a slam dunk.

8.   A more modest tax cut suggested earlier by Gov. George W. Bush relied less heavily on sales taxes to pay for the cut.

9.   A modest tax on carbon dioxide emissions may, indeed, be justified and prudent.

10.   A responsible combination of modest tax increases and spending cuts has more than halved the deficit in four years.