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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