February 3, 2002 |
Big tax cuts. Big increases in defense spending. And the return of federal budget deficits that squeeze the rest of government. Suddenly the battle over the budget that President Bush will release Monday is beginning to look a lot like the 1980s.
February 3, 2002 |
The Bush administration will ask Congress on Monday to overhaul the nation's system of unemployment insurance, gradually shifting financial responsibility from the federal government to the states for the Depression-era program that remains a bedrock protection for middle-class workers. The proposal is part of President Bush's 2003 budget, which calls for sharp cuts in the federal unemployment tax.
February 1, 2002 |
To make up an estimated $1.3-billion shortage for a popular college tuition grant program, the Bush administration is proposing to cut funding for hundreds of local education and community projects that lawmakers singled out for federal aid late last year.
January 24, 2002 |
President Bush said Wednesday that he will ask Congress for a $48-billion defense budget increase next year to help pay for the war on terrorism, futuristic weapon systems and a military pay raise. "We will invest in more precision weapons, in missile defenses, in unmanned vehicles, in high-tech equipment for soldiers on the ground," the president said in a speech to military reserve officers.
December 8, 2001 |
The post-Sept. 11 truce is over for President Bush's signature domestic achievement: the sweeping tax cut he pushed into law last spring. After weeks of deferential restraint, leading congressional Democrats have renewed efforts to blame the $1.35-trillion tax cut for the slow economy and the disappearing federal budget surplus--an opening salvo in what party strategists say will be a sustained political offensive through the 2002 election.
October 17, 2001 |
The Bush administration is trying to staunch the flood of tax-cut and spending plans in response to the September terror attacks, fearful that they could overwhelm the budget, damage the economy and saddle President Bush with a big-government legacy. The latest effort came Tuesday when administration budget director Mitchell E.