The Taxonomist.(George W. Bush's tax policy)(Brief Article)(Statistical Data Included)
American Prospect, The, July, 2001 by McIntyre, Robert S.
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SIC TRANSIT UBERTAS In early June, the Congressional Budget Office quietly lowered its estimate of this year's budget surplus. Rather than the $96-billion excess predicted in January (excluding Social Security and Medicare), the CBO now projects a surplus of $14 billion for fiscal year 2001.
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In fact, the CBO's figures indicate that in the last four months of this fiscal year some $20 billion will be siphoned from the Medicare trust fund to cover the first-year cost of President Bush's tax-cut plan. LATE ADMISSION Meanwhile, Congress's Joint Committee on Taxation, ...
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