Saint
Lt.Jg.
Joined: 02 Jun 2004
Posts: 144
|
 Posted: Wed Jun 02, 2004 4:41 pm Post subject: Bush's Budget Will Not Help Economy |
 |
|
According to the Associated Press, a non-partisan Congressional Budget Office study found that "the tax cuts and other policies President Bush proposed in his $2.4 trillion budget would probably have a minimal impact on the economy." While the agency stated that Bush's proposal "could either increase or reduce economic output through 2009, and improve it in the following five years," the study concluded that "the differences are likely to be small, affecting output by less than one-half of one percentage point." The effect of Bush's tax cuts and proposed budget are still unclear, and many leaders are demanding immediate and effective action. AP quoted Sen. Kent Conrad, the top Democrat on the budget panel, who described Bush's policies as "truly dangerous to the economic security of our country ... we have a responsibility to alter that course."
Sources: Alan Fram (Associated Press), "Office: Bush Budget Won't Jolt Economy," The Las Vegas Sun, March 8, 2004. |
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
