Dismal swamp: tax breaks. (American Survey)
Economist (US), The, March, 1992
Promising tax cuts to the middle class is just a ploy on both the part of Congress and the Bush Administration. Both parties know that the other will not allow their plan to pass. The political chicanery of tax reform is discussed.
IT HAS become a cynical ritual, full of sound bites, signifying nothing. Both Congress and the Bush administration promise tax breaks for the beloved "middle class". Each knows its preferred measure will not get past the other. Both think they will thereby have scored a political point.
The ritual began with George Bush's "state of the union" speech in late january. Mr Bush announced various measures to stimulate America's economy, not least by putting some money back into the pockets of the middle class. Central to the plan was a...
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