With the stock market continuing to slide and economic indicators at a standstill, would it be appropriate to repeal President Bush's $1.35 trillion tax cut of last year?
Time the Republicans admit tax cut was a huge mistake
I'll try not to say, "We told you so," but, well, we told you so!
When President Bush first proposed the tax cut, the liberals came out en masse opposing it. We had a surplus, and the question seemed to be what to do with the money. Stabilizing Social Security and eliminating the need for people to choose between paying for prescription drugs or food seemed far too altruistic. This money belonged to the people ÷ at least at some point ÷ and the president was determined to give it back to them (a little more back to the wealthiest echelons of our society than to the rest of us, but never mind that.)