Alex's Outlook

Wednesday, June 04, 2003

Woohoo! True to his word, Tom DeLay is already pushing new tax relief. He wants to make expansion of the Earned Income Tax Credit (a spending program for low-income families) a rider for more tax cuts, since there are about a trillion dollars in tax cuts still left in President Bush's budget. I think he will expand the income tax credit while also cutting capital gains some more. Although the bill would "probably have to get 60 votes" in the Senate according to CNN, I'm sure the Republicans can find a way around that.


Post a Comment

<< Home