Sunday, November 27, 2005

Feel My Ire, Burn In Fire!

WASHINGTON, Nov. 25 - Republicans of all stripes want to cut taxes, but rarely have they been in so much disarray about whose to cut.
If House Republicans and President Bush have their way, more than half of tax reductions over the next five years will go to the top 1 percent of households, those with average incomes of $1.1 million.
House leaders are pushing a $63-billion tax-cutting package that would extend President Bush's tax cut on stock dividends, protect oil companies from a windfall profits tax and shield people caught using illegal tax shelters.
The Republican-controlled Senate, by contrast, has passed a bill that would cut taxes by $59 billion but ignore Mr. Bush's top priority, and that contains two other provisions that have provoked his wrath.

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