Deficits Push Gop to Debate Tax Cuts ; Iraq, Social Security Plans Carry High Price

Summary

---

WASHINGTON - President Bush and Republican lawmakers are being forced to temper their anti-tax ambitions, as the party that consolidated power in Washington by promising to shrink government grapples with the high cost of its efforts to expand the Defense Department and the nation's two largest entitlement programs.

The president's only new tax initiative for the second term - a broad restructuring of the tax code - will be crafted in a way that results in a simpler system, not lower taxes, White House aides said.

See the full content of this document

Extract

---

Deficits Push Gop to Debate Tax Cuts ; Iraq, Social Security Plans Carry High Price

At the same time, Bush's call for Congress to make permanent all the tax cuts enacted in his first term faces increasingly strong resistance among some Republicans concerned about ri...

See the full content of this document

---