Bernalillo, N.M. (May 13, 2003) -- President Bush started a two-day trip around the country Monday, seeking to rally support for his $550 billion tax cut plan now moving through Congress.
"The unemployment rate hit 6 percent," Bush told factory workers in Bernalillo, N.M. "That should serve as a warning signal for the reluctant members of the United States Congress that we need to hear the voices of those who are looking for work."
Later in the day, Bush was traveling to Omaha, Neb., to speak to workers at a plastics plant, and was scheduled to appear in Indianapolis on Tuesday to again drive home his tax message.
The Senate began debate Monday on a bill to slash taxes by $350 billion through 2013. The House passed a much larger version of the bill, which would cut taxes by $550 billion.
Democrats are largely against either measure, amid fears that such cuts would only boost federal deficits and further plunge the economy into a recession.
-- WebCPA staff
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access