we have much serious business to attend to on Capitol Hill these days. Many of us on our side of the aisle are deeply concerned about the Bush economic picture, how sad it is for most of America, including my State, which has struggled with very high unemployment for most of the Bush administration. The administration has fallen 1.8 million jobs short of the promises that were made to the Americans and to this Congress to justify the first two massive tax cuts from the Bush administration. There are significant issues to deal with the national government's fiscal health, the guarantees of an extra trillion dollars that was going to be available when the tax cuts were brought forward that the President repeated here in Washington, D.C., and out in the hustings. Now the administration wants to spend another trillion dollars in the face of hemorrhaging red ink to make these tax cuts that benefit a tiny number of Americans, those who need help the least, make their tax cuts permanent. This is something we could debate here in Washington, D.C. There appears to be no concern for the millions of Americans who are being caught in the payment of the millionaires tax, the alternative minimum tax, that was inspired because there were a handful of people who were earning $1 million or more in today's dollars that escaped taxation altogether. Congress in its wisdom passed the alternative minimum tax.…
On the recordFebruary 24, 2004
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govinfo.govEditor's note · Context
Addressing concerns about the Bush administration's economic policies and tax cuts.
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