Bush will take his tax plan to Congress
February 7, 2001
After lobbying support among Democrats and Republicans for his tax-reform plan, President George W. Bush will take his plan to Congress Thursday.The details of the tax plan will not be released until Bush speaks to Congress, but the plan was adjusted from a $1.3 billion over 9-year plan he promoted during his campaign to a $1.6 billion-cut spanning 10 years.”Bush is going to have to convince some Democrats the tax cut is not too big and convince Republicans to stick with him,” said Steffen Schmidt, university professor of political science. “It doesn’t look like it is happening.”Bush will attempt to convince Democrats by showing them the cuts do not take money from the middle-class and give it to the wealthy, Schmidt said. The president needs to show Republicans his plan will be more effective than paying down the debt and investing in other areas not worthy of the budget surplus, he said.”He will have to show that the tax cut is the most important area to invest the surplus,” Schmidt said.Most presidents do not get what they want when they send legislation to Congress, he said, but he predicts the the Legislature will approve a tax cut in some form.”Even the Democrats are in favor of tax cuts,” Schmidt said. “It may look very different by the time Congress votes on the tax cut, but there will be a tax cut.”The two major issues to consider are the total-dollar amount of the tax cuts and how the cuts are distributed, experts said. The main question is the top income bracket, said Robert Lowry, associate professor of political science.”Bush doesn’t think he will get his tax plan passed the way it is written,” Lowry said. “One way he may get parts of his tax plan is to pass it in pieces. Less controversial issues, like the estate tax, could pass right away. The big issue is the tax cuts for the wealthiest of Americans.”Lowry said he does not know how hard Bush is going to fight for keeping the line for the wealthy where it is. As governor of Texas, Bush would send bills to the Legislature and sign pretty much whatever was passed, but Democrats in Texas are more conservative, Lowry said.”It makes sense that a president knows there is going to be compromise and would ask for more than he is going to get, because he knows that it will change,” Lowry said. “It is kind of like a bargaining for a car — a person buying the car starts out at a price which they know they will not get.”