Tags: Democrats | Frosty | Permanent | Tax | Cuts

Democrats Frosty to Permanent Tax Cuts

Wednesday, 30 January 2002 12:00 AM

"For the sake of long-term growth and to help Americans plan for the future," Bush said Tuesday night, "let's make these tax cuts permanent," a reference to the tax rate reductions he signed into law last year.

But Sen. Hillary Clinton, D-N.Y., wants to take a "wait and see" approach to Bush's proposal. "I understand that we're going to get his budget next week," Clinton said. "We'll have a better idea of the ramifications of what we've heard tonight, when we match it to the budget."

The president's call for making the tax cuts permanent was predictable but not welcome, according to Sen. Patrick Leahy, D-Vt.

"I think he assumes that's going to happen so it's good that he put it in," Leahy said. "I think far more substantive were his calls for unity against terrorism."

Minority Whip Don Nickles was pleased with the call to make tax cuts permanent.

"I think the tax cut should be permanent. It's still subject to change in future Congresses, but the idea that you might have a tax increase when nine years is up, I think, would be a serious mistake. It would hurt the economy."

Bush said that achieving economic security required a new commitment from Congress.

"Our budget will run a deficit that will be small and short-term so long as Congress restrains spending and acts in a fiscally responsible way," Bush said.

But Nickles said he was not expecting much cooperation from Democrats.

"Democrats have not called for anything to stimulate the economy or increase jobs. All they've tried to do is pass spending increases," Nickles said.

"I was a little disappointed in our Democrat colleagues, who did not respond favorably when the president called for making the tax cuts permanent."

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For the sake of long-term growth and to help Americans plan for the future, Bush said Tuesday night, let's make these tax cuts permanent, a reference to the tax rate reductions he signed into law last year. But Sen. Hillary Clinton, D-N.Y., wants to take a wait and see...
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2002-00-30
Wednesday, 30 January 2002 12:00 AM
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