Tax cut time bomb

• Published in: Dollars & Sense no. 252; p. 39
• Main Author: Scharf, Adria
• Format: Newsletter Magazine Article
• Language: English
• Published: Somerville Economic Affairs Bureau 01.03.2004
• Subjects: Bush, George W; Economic policy; Federal budget; Income taxes; Social security; Tax cuts; Tax law; Tax policy; Tax rates; Taxation

President George W. Bush and Congress planted a time bomb in the federal budget, and they're about to light the fuse. The largest parts of the tax cuts passed in 2001 and 2003 didn't activate immediately, but were designed to kick in later this decade. If they go forward, the cuts will lik...