eeper69
09-08-2005, 11:36 AM
WASHINGTON, Sept 7 (Reuters) - Republicans in Congress on Wednesday rejected calls by Democrats to suspend work on tax cuts, that would mainly benefit the rich, and spending reductions on social programs because of the huge costs of hurricane relief.
"Now is not the time to cut services for our most vulnerable, cut taxes for our most fortunate and add $35 billion to the deficit," the Democratic leaders of the Senate and the House of Representatives said in a letter to their Republican counterparts.
The committees are also scheduled to approve $70 billion in tax cuts this month. The cuts could be extensions of reductions on capital gains and dividends, which affect mainly the incomes of the wealthy.
The Democrats said that budget plan "would likely cut programs that many victims of Hurricane Katrina will be relying on" and asked that it be suspended "indefinitely."
Linky:
http://www.alertnet.org/thenews/newsdesk/N07195901.htm
"Now is not the time to cut services for our most vulnerable, cut taxes for our most fortunate and add $35 billion to the deficit," the Democratic leaders of the Senate and the House of Representatives said in a letter to their Republican counterparts.
The committees are also scheduled to approve $70 billion in tax cuts this month. The cuts could be extensions of reductions on capital gains and dividends, which affect mainly the incomes of the wealthy.
The Democrats said that budget plan "would likely cut programs that many victims of Hurricane Katrina will be relying on" and asked that it be suspended "indefinitely."
Linky:
http://www.alertnet.org/thenews/newsdesk/N07195901.htm