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Budget surplus

Author: Mary H Cooper
Publisher: Washington, D.C. : CQ Press, 2001.
Series: CQ researcher, v. 11, no. 14.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
For the first time in more than 30 years, the U.S. government is taking in more money in taxes than it is spending on federal programs. The expectation that the federal surplus will continue to grow has touched off a vigorous debate over how best to use the unanticipated windfall. The Bush administration wants to "give back" part of the surplus to taxpayers in the form of a $1.6 trillion tax cut. Critics say the  Read more...
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Details

Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Mary H Cooper
OCLC Number: 62271310
Notes: Title from caption (viewed Nov. 14, 2005).
"April 13, 2001."
Details: Mode of access: World Wide Web.
Series Title: CQ researcher, v. 11, no. 14.
Other Titles: Is a big tax cut a good idea?
Responsibility: by Mary H. Cooper.

Abstract:

For the first time in more than 30 years, the U.S. government is taking in more money in taxes than it is spending on federal programs. The expectation that the federal surplus will continue to grow has touched off a vigorous debate over how best to use the unanticipated windfall. The Bush administration wants to "give back" part of the surplus to taxpayers in the form of a $1.6 trillion tax cut. Critics say the money should be used for a more modest tax cut, but only after the national debt is paid down and urgently needed social programs are funded. Beyond the political infighting over Bush's tax proposal, lawmakers are at odds over how best to protect the funds needed for Social Security and Medicare.

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