Cheney: Make tax cuts permanent!

Washington -- Hoping to generate a groundswell for President Bush's agenda of tax reform and overhauling Social Security, vice president Dick Cheney stressed the importance of making the tax cuts enacted during Bush's first term permanent.

In a speech that kicked off an economic conference at the White House earlier this week, Cheney said one of the top priorities of the second Bush term would be to make the cuts -- set to expire in 2010 -- permanent in an effort to spark future economic growth.

In addition to overhauling the ponderous tax code and reforming Social Security via the introduction of ownership accounts, the Bush Administration also plans to tackle tort reform by capping the limits on lawsuits.

For reprint and licensing requests for this article, click here.
MORE FROM ACCOUNTING TODAY