Senate Wants To Fund War By Reducing Tax Cuts

Senate votes to pay for war by reducing Bush tax cut
I agree with this though I think it’s too timid. I’ve said before I differ with many on the Right who’ve never seen a tax cut they didn’t like. Any new tax cuts should be accompanied by spending cuts. The existing 2001 tax cut should be reconfigured to be effective now and the ten-year total should remain the same.

In a setback Friday for President Bush, the Senate voted 52-47 to take $100 billion from his proposed tax cut over the next 10 years to pay for the war in Iraq.

Bush’s budget included no money for the operation.

“No one is really certain how much the war with Iraq will actually cost, but we can be certain that such a war will not be free. . . . The budget must reflect it,” said Sen. Russ Feingold, D-Wis., who offered the amendment.

Sen. Don Nickles, R-Okla., said that Congress never pays for wars in advance and that the Bush administration would be requesting money at a later date.

After hours of seeking enough support to reverse the vote, White House officials and top Republicans decided to try to restore the money when House-Senate bargainers write a compromise fiscal blueprint over the next few weeks.

No comments yet.

Leave a Comment