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Stimulating the Economy...How?

The Economic Security and Recovery Act of 2001 (Bill HR3090) was approved by the House Ways and Means Committee on October 12 and will be brought to the floor for approval soon. On October 16, the Bush Administration stated that the tax cut bill, with its provisions for over $70 billion in tax cuts to companies and nearly $29 billion to individuals, goes too far. All over Washington, critics and supporters are focusing on the equity of tax cuts between the best-off one-fifth and the bottom three-fifths of all taxpayers. Controversial provisions of the bill would allow lenders to postpone tax on income from foreign lending and would permanently repealing the corporate alternative minimum tax. This week's In the News presents a potpourri of Websites about the proposed legislation. News articles, the text of the actual bill, and editorial reactions from a range of political positions are listed here.
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2003-04-07 15:53:50
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2003-04-07 15:53:50
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