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DEJA VU WITH TAX CUTS, DEFICITS ON THE HORIZON
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Newspaper Article
DEJA VU WITH TAX CUTS, DEFICITS ON THE HORIZON
2001
Overview
The New York Times, in a May 20 editorial, characterized the $1.35 trillion amount as a \"deception,\" claiming the figure was calculated with artificial devices disguising the true cost. Some of the tax cuts abruptly expire before the 11-year fiscal period is up. Also, some provisions of the bill are phased in slowly with most of them not fully enacted until 2009, 2010 and 2011. Consequently, its cost in the second decade, when the baby boomers will all be retired, is more than $4 trillion.
Publisher
Tribune Interactive, LLC
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