The same cannot be said for House Ways and Means Committee Chairman Bill Thomas. It appears that when everything is said and done, Frist and Hastert — working with the White House — will be able to raise the tax cut to more than $500 billion. But Thomas, who continues to harbor resentment over perceived slights by the Bush administration, is attempting to take the reexamination of the tax cut plan to further his own policy agendas. Tops on his list: cutting dividend taxation more than the Bush plan would.
“We think we can get the basic tax cut closer to where we want it to be,” says a House leadership staffer. “But Thomas was not part of the conversations with the White House, and now he’s trying to muck things up more than they already are.”
It’s a certainty that Republicans in the Senate who are already opposed to a tax cut greater than $350 billion would further balk at a plan that included more tinkering with the tax code. As it stands, Bush and the Senate will have to find at least $100 billion in offsetting savings to allow for the $100-$200 billion increase in the tax cut currently on the table.p> GUNNING FOR SACRAMENTO br> Sen. Dianne Feinstein
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?