Third time's no charm. (The Taxonomist).
American Prospect, The, July, 2003 by McIntyre, Robert S.
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So Congress passed the Third Annual Awful Bush Tax Cut. It was a close vote in the Senate, with Vice President Dick Cheney breaking a 50-to-50 tie. But both sides agree on one thing: The cost of the bill over the next decade will be far more than its advertised $350 billion price. A trillion dollars or so is more plausible.
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To squeeze a trillion dollars into this year's $350 billion target, Republican leaders specified an array of sunset dates for most of the tax cuts. Items mainly affecting middle-income taxpayers, such as the increase in the child credit to $1,000 and lower ...
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