Repeal Bush's tax cut: use the money for social insurance and economic stimulus. (GAZETTE).

ONE OF THE IMPRESSIVE feats of intellectual tenacity in recent times is the Republicans' ability to sustain their faith in large tax cuts for the wealthy despite repeated battering from reality.

When George W. Bush first proposed this early in 2000, his justification was that our economy was so strong that it was producing far more revenue than we needed. A year later, as Congress was considering his proposal, the president's rationale did a 180-degree turn: Now it was the very weakness of the economy that demanded a tax cut, so that the wealthy would be encouraged to engage in ...

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