Raising the Stakes for Tax Cuts
Washington Times (01/23/03) Vol. 14, No. 3 p.7; Lambro, Donald
Since the economy is expected to grow only about 2 percent in
the first three months of 2003, President Bush's recent tax incentive
proposal needs to be passed as soon as possible, according to this
opinion piece. The proposal, which cuts taxes on dividends, would spur
business investment, and permanent tax incentives that are part of the
proposal would restore confidence among business executives and
investors. However, the time to act on the proposal is now, says one
administration official, rather than later, because without the
incentives, business investments will be further delayed and the economy
will continue to sputter.