http://ap.tbo.com/ap/breaking/MGAYXUHHPPD.htmlBush Hails Achievements, Democrats See Broken Promises for Families, Foreign Affairs, Budget
By Alan Fram
Associated Press Writer
WASHINGTON (AP) - Laying out campaign themes, President Bush is hailing progress fighting terrorism, recharging the economy and helping Americans afford health care. But Democrats say his election-year State of the Union address underscores how paltry his achievements have been. <snip>
Even as Democrats scrapped among themselves over who would oppose him in November, the president touted his administration's successes: the toppling and capture of Saddam Hussein, the revival of economic growth, and the passage of major tax cuts and a Medicare prescription drug benefit. <snip>
From Congress to the presidential campaign trail in New Hampshire, where next week's presidential primary will be held, Democrats balked. They said Bush had ignored the job losses, ballooning budget deficits, diplomatic reversals and growing ranks of Americans without health insurance that have characterized his administration.
"He promised us a humble foreign policy. Instead, he's alienated our allies, lost the respect of the world community, and cost 500 brave young men and women their lives" in Iraq, said retired Gen. Wesley Clark. <snip>
He said the nation needed to stay the course against terrorism and admonished those who would "turn back to the dangerous illusion that terrorists are not plotting and outlaw regimes are no threat to us.”<snip>
By far, the most expensive proposal in his speech was one he has made repeatedly: Making his already enacted cuts in personal income and other taxes permanent. That has a price tag estimated at $2 trillion, and an uncertain fate in Congress, considering projections for year after year of huge budget deficits. <snip>
This story can be found at:
http://ap.tbo.com/ap/breaking/MGAYXUHHPPD.htmlhttp://ap.tbo.com/ap/breaking/MGA6LESEPPD.htmlFrom the NYT: <snip>Howard Dean would roll back all the tax cuts and pass new tax breaks aimed at the middle class. His rivals John Kerry, John Edwards, Wesley Clark and Joe Lieberman would keep the tax cuts that helped middle-income families and repeal those benefiting the wealthiest Americans.
Making the tax cuts permanent would cost the Treasury some $2 trillion, according to analysts at the Tax Policy Center, a research group run by the Brookings Institution and Urban Institute. <snip>
Those tax cuts(expiring in 2005) include an expansion of the bottom, 10 percent tax bracket that lowered taxes for virtually every wage earner. It includes changes that eliminated some of the so-called marriage penalty, which causes some couples to pay more than they would as two single individuals. It also includes the child tax credit, just increased to $1,000 per child, which would drop back to $700 at the end of the year. Although these items could be addressed in 2005 after they've expired, House and Senate GOP lawmakers aides said they ideally would eliminate any uncertainty and enact laws this year to sustain the tax cuts. <snip>
Senate Republican aides said renewal of the No Child Left Behind education law might also offer an opportunity to make some education and retirement saving incentives permanent.
A bigger question surrounds a law, designed as an economic stimulus, that allows businesses to immediately write off half of their investments this year. Left unchanged, the law will evaporate at the end of the year, but it will cost more to continue than the tax reductions aimed at individuals and families, said Peter Orszag,
AP-ES-01-21-04 0804EST
This story can be found at:
http://ap.tbo.com/ap/breaking/MGA6LESEPPD.html