http://story.news.yahoo.com/news?tmpl=story&cid=514&e=5&u=/ap/20040513/ap_on_go_co/tax_brackets_7House Democrats gave the bill strong support despite worries it would worsen budget deficits at a time of war. The bill cuts taxes more than $218 billion over a decade.
"This is financial madness," said Rep. John Tanner, D-Tenn. "Our country is engaged in a death spiral financially."
The House rejected, 227-190, a Democratic alternative that would have kept the expanded bottom bracket in place through 2010. To cover the tax cut's cost, Democrats wanted to levy a 1.9 percent surcharge on individuals who earn $500,000 or more and on couples who earn at least $1 million.Let me see if I've got this straight -- this is the same House that is about to swallow Bush*'s request for
another 25 billion for his war without blinking? How do they expect to pay for it?
Oh, right. On the backs of those who rely on what we once could call a "social safety net". How very naive of me. </sarcasm>