Storm seen sidelining permanent tax cuts (Treas Sec Snow)

[RamboLiberal]

http://www.msnbc.msn.com/id/9408727/

The recovery from Hurricane Katrina will temporarily sideline some parts of President Bush’s domestic agenda, including efforts to make the administration’s tax cuts permanent, U.S. Treasury Secretary John Snow said Tuesday.

“It’s taken over the national agenda and I think it will for a while,” Snow said of Katrina. “I think it will push to the back burner some issues that otherwise would have been on the agenda now — the estate tax, tax (cut) permanency, GSEs and other things.” Snow told the National Association of Federal Credit Unions.

He called Katrina “the most far-reaching and widespread devastation America has ever faced,” and said the short-term economic consequences will be “devastating” for the Gulf Coast region.

But for the United States as a whole, Katrina will place ”temporary” pressure on economic growth and job creation, Snow said.

“From the point of view of the national economy, while we’ll suffer a temporary setback in (gross domestic product) growth rates and in job creation, and while we’ll probably see the unemployment rate tick up and the growth rate tick down, I think it’s temporary because there will be a major rebuilding effort here,” he said.

[AzDar]

1. Yeah, that's right... It's Mother Nature's fault that Shrubber can't

continue destroying our country with his reckless policies...it isn't BAD POLICYMAKING, or anything like that. LOL

[stray cat]

2. I hope it permanantly sets them back

[ozymandius]

3. Bush is preparing to fill Snow's mouth with cement.

How dare he wander off the Bush plantation!

[MissMarple]

4. Exactly.

:)

[54anickel]

5. WH has already countered this one

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x1794058

Bush committed to tax cuts: White House

[rodeodance]

6. yup==Jr/Rove slapped Snow down!!

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x1794058

[Hardrada]

7. That is why Mother Nature

is sending another hurricane.

[obxhead]

8. some parts...

Rrrriight.

[gasperc]

9. the lesson here seems to be

get your tax season in before hurricane season starts

[burrowowl]

10. Under Eisenhower

Corps paid 90% taxes unless they reinvested, the tax cut by JFK lessened alittle bit these taxes since the economy was no longer wartime. The corp/facsos have not been paying taxes for a long time, RayGun et al (see George Bu$h Senior) and their ilk have done to: education, proper welfare, the commonweal, real conservation of fuel, etc.
Not to mention murdering over 200,000 Guatemalean Indians and other deaths!