But this tax cut is even better because we have the money to do it. The president's plan is a boon for all taxpayers, so the really rich who pay more will get a larger break whether they need it or not. This windfall for the big guy has been carrying around most of the criticism of Bush's proposal, but even Democrats in Congress like the idea of a tax cut. During the presidential campaign, when surplus projections were lower, Bush said the excess money belonged to the people and it should be returned to them. Now Bush says we need to cut taxes to shore up a softening economy.
Tax cuts sell.
The math jockeys and economists have successfully miscalculated the surplus three times in the last year. If we underestimate the surplus, we'll all be getting cheated. Just make sure Moreover, many of us may be reluctant to pay less taxes if other rooms in our financial house are in disorder. Congress continues to tinker with the details. Variations and alternatives are breaking out like rumors in the cloakroom.