Bush plan details tax cuts and child credits across income groups
The administration outlines a 10 year $674 billion Bush plan targeting 92 million taxpayers with an average $1 083 cut and a $1 000 per child tax credit this year. It would sharply raise the child credit to $1 000 and extend up to 400 per child for some low income families while proposing dividend tax cuts mainly benefiting the wealthy and elderly. Estimated total cost reaches $7 100 per person over a decade.
MENTIONED IN THIS ARTICLE
Citizens For Tax Justice
Bush
Bush urges Congress to pass $674 billion economic plan
President Bush urged Congress to pass a $674 billion plan to cut taxes on stock dividends, speed income tax cuts, and send rebate checks to 34 million low and middle income parents. Democrats say most benefits go to the rich while White House argues the plan spurs growth and helps deficits. The package, mostly tax cuts, targets a one percent of GDP first year cost and follows the State of the Union focus on terrorism and possible Iraq war.
MENTIONED IN THIS ARTICLE
Chicago
Bush
Congress
White House
The
Economic Club of
Iraq
Senate
U.S
Charles Pickering
Mississippi
Texas
Grassley Urges Democrats to Consider Bush Plan
Sen. Grassley said the Bush administration’s 600 billion economic proposal is a serious effort and Democrats should not automatically reject it. He claimed the rival 136 billion one year plan is lightweight and the Bush plan will help create jobs. Senator Harkin criticized Republican fiscal policies and warned of deficits demanding relief for working families.
MENTIONED IN THIS ARTICLE
Washington
Chuck Grassley
Senate
Grassley
Alowa
Finance Committee
Tom Harkin
D-lown
Republican Party
Britain mobilizes reserves and ships for Persian Gulf push
Britain orders 1500 reserve soldiers mobilized and sends a task force of ships with about 3000 Royal Marines toward the Persian Gulf. France signals potential participation if Iraq does not disarm. U S and allied forces accelerate Gulf buildup as Camp As Sayliyah in Qatar readies for command of a large scale war.
MENTIONED IN THIS ARTICLE
Britain
Persian Gulf
London
Iraq
United States
Saddam Hussein
Jacques Chirac
Washington
U.S
Gulf
Camp
As Sayliyah
Hoon
Mediterranean
Ministry of Defense
Senate renews jobless benefits amid new Republican majority
The Senate approved a $7.2 billion measure to renew 13 weeks of federal unemployment benefits for workers who exhausted state aid. About 750,000 people are affected, with 1.6 million more expected to qualify before June 1. Speaker Hastert said the House would act soon for Bush’s signature.
MENTIONED IN THIS ARTICLE
Bill Frist
Tennessee
Senate
Capitol
Dennis Hastert
House
Bush
Also Mentioned on This Page
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Ole’s
Knight Ridder
Washington Bureau
Judy Treible
Mark Mattern
Ment
Medicare
Social Security
By E. Michael Myers
France
Baghdad
Qatar
Geoff Hoon
House of Commons
Defense
Donald Rumsfeld
U.N
Ture
Nancy Pelosi
D-Calif
Pelosi
Chamber of Congress
Satta
Teces
17Th Street
University OF Iowa Hospital & Clinics
Rener TY Health Care
Natuzzi
Barcalounger
American Leather
Dalston Creek
Hiawatha
Center Pt
Boyson Road
North Center Point Road
Coralville
Wes
Coral Ridge R
Mal
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