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After Republicans re-took control of the Senate during the 2002 mid-term elections, Bush proposed further tax cuts. With little support among Democrats, Congress passed the Jobs and Growth Tax Relief Reconciliation Act of 2003("JGTRRA"), which cut taxes by another $350 billion over 10
The bill stemmed from a budget proposal made by Clinton in February 1993; he sought a mix of tax increases and spending reductions that would cut the deficit in half by 1997. Though every congressional Republican voted against the bill, it passed by narrow margins in both the House of Representatives and the Senate. The act increased the top ...
Trump presented an infrastructure plan to Congress in February 2018, with $200 billion in federal funding and projected it would result in $1.5 trillion of investments from the private sector. [16] Democrats opposed this plan because of its emphasis on state and local funding and private investments.
(The Center Square) – Democratic lawmakers are blasting Republicans for considering cuts to some federal programs in order to finance President Donald Trump’s campaign promises, such as ...
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House Democratic leaders delayed a vote on a $1 trillion infrastructure bill that had been set for Thursday, bowing to pressure from party progressives. Democrats delay vote on infrastructure plan ...
Reagan asserted that he had no plans to raise taxes in his second term, and Bush quickly argued that he had been misunderstood. Bush's statements led some conservatives to begin doubting Bush's dedication to tax cuts. [3]: 23 As the competition to succeed Reagan began in 1986, it was clear that taxes would be a central issue.
By Elizabeth Barber BOSTON (Reuters) - Former U.S. President George H.W. Bush showed courage in breaking his "read my lips: no new taxes" campaign pledge to broker a 1990 budget compromise that ...