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sarals

05/02/03 12:52 PM

#16194 RE: sarals #16174

more re tax cuts and increasing deficit...

The Council for Economic Development, an independent, nonpartisan organization of business and academic leaders, warned of the plan's "destructive long-term fiscal impact," and 400 economists, including 10 Nobel laureates, wrote in an open letter recently published in the New York Times, "Passing these tax cuts will worsen the long-term budget outlook, adding to the nation's projected chronic deficits."

http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2003/05/02/ED89988.DTL