14 February 2001, 09:30  O'Neill tells House panel tax cuts more compelling with slowing economy

Washington--Feb. 13--Signs of a slowing U.S. economy make the Bush administration's $1.6 trillion tax cut proposal "more compelling," Treasury take action now in order to boost consumer confidence, which he said will in turn improve consumer demand. He also assured lawmakers that Bush's tax plan will fit within budget constraints that will preserve the Social Security surplus and allow the government to continue to pay down the public debt.

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