GOP Tax-Cut Plan Will Win Washington Times (04/24/03) ; Lambro, Donald
At the top of their game, congressional Republicans and President Bush should have no trouble seeking lawmakers' approval of a tax incentive package somewhere between $350 billion and $550 billion that includes the acceleration of the $1.3 trillion tax incentives previously passed, this commentary says. Treasury Secretary John Snow says the White House will consent to tax incentives no lower than $550 billion, down from its original goal of $726 billion, and a Bush administration spokesperson says the president continues to fight for the elimination of the double taxation of dividends as part of his plan. One bill introduced by Rep. Jim McCrery (R-La.), chair of the House Ways and Means subcommittee on select revenue measures, would accelerate the 2001 income tax incentives, eliminate the double taxation of dividend income, and cost $522 billion over 10 years.