Bush May Try to Cut Corporate Tax Rates
President Cites Need To Compete Globally
Washington Post Staff Writer
Thursday, August 9, 2007; Page A01
Advisers presented Bush with a series of ideas to restructure corporate taxes, possibly eliminating narrowly targeted breaks to pay for a broader, across-the-board rate cut. In an interview with a small group of journalists afterward, Bush said he was “inclined” to send a corporate tax package to Congress, although he expressed uncertainty about its political viability.
The president with no political viability announces a plan that we can only hope has none as well. There was a time–good god, can it only be six years ago?–when we had a president who was admired internationally and who produced budget surpluses that he used to pay down the national debt.
How quickly we forget.