David Thomas: “this, obviously, is the week and the time to be talking about taxes, tax relief, and tax reductions. It is an…”

“this, obviously, is the week and the time to be talking about taxes, tax relief, and tax reductions. It is an appropriate time to deal with all of the involved issues. Certainly, the President has talked a great deal about his tax plan not only in the campaign but certainly now as he is prepared to reveal and unveil this plan of relieving the tax burden on all taxpayers. The plan, of course, is oriented toward stimulating economic growth, reducing family tax burdens, and saving family estates from the auction block, and hopefully making this Tax Code simpler and more fair. That is an important aspect of it. We talk all the time about the Tax Code being so detailed and complex, and yet we do not do much about it. I hope we do not start seeking to have directed tax reductions here, there, and other places, aimed more at behavior than at tax reductions. This is designed to make it simpler, and that is important. The case for the President's relief package is strong. First, there is a record surplus of taxes coming in. It is really a tax overpayment. That makes possible a policy of paying down the debt and reducing taxes on working families. Second, the slowing down of the economy has many people concerned and properly so. Absent some kind of fiscal stimulus, our record economic expansion may turn downward and into a recession.”