Thursday, September 23, 2004

Rich Guys Charge Their Tax Breaks To Your Kids' Futures - Refunds for Poor Families Axed

The New York Times > Washington > Deal in Congress to Keep Tax Cuts, Widening Deficit: "Putting aside efforts to control the federal deficit before the elections, Republican and Democratic leaders agreed Wednesday to extend $145 billion worth of tax cuts sought by President Bush without trying to pay for them."

Bid to Save Tax Refunds for the Poor Is Blocked Congressional negotiators beat back efforts yesterday to expand and preserve tax refunds for poor families, even as they added $13 billion in corporate tax breaks to a package of middle-class tax cuts that could come to a vote in the Senate today.