Advisers: Bush plan would cost taxpayers
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President Bush's health insurance proposals would cost taxpayers $526 billion through 2017, according to a preliminary estimate from Congress' Joint Committee on Taxation.
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Leading economists say US taxpayers may have to pay for a pensions shortfall at the agency that protects pensions funds.
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President Bush's call for a simpler tax code could mark the next step in a gradual move toward a system that places more of a tax burden on consumption and less on savings, analysts say, a direction critics think would put a bigger burden on working Americans.
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An outspoken supporter of the Iraq war on Tuesday called for a new tax to pay for its astronomical cost as Congress opened a debate on President George W. Bush's $2.9 trillion budget plan for next year.
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As the Bush administration looks to revamp the tax code, New York officials say they are particularly worried about one idea being considered: eliminating the federal deduction for state and local taxes.
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President Bush viewed it as one of his most elegant ideas: Allow anyone to put $5,000 per year into a "Lifetime Savings Account," pay no taxes on the earnings, and withdraw the money at any time, for any reason. The architect of the plan, an assistant secretary of the Treasury named Pamela Olson, said last year: "We'd like ...
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WASHINGTON -- President Bush is sending Congress a $3 trillion spending blueprint that would provide a big boost to defense and protect his signature tax cuts.
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President George W. Bush on Thursday ruled out raising payroll taxes to help pay for Social Security reform, a transition experts have estimated will cost $1 trillion to $2 trillion.
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PORTSMOUTH, N.H.  - President Bush suggested in an  interview published on Wednesday he may be open to raising the  cap on Social Security taxes paid by high-income earners, but  told a crowd in New Hampshire he would reject an increase in  the payroll tax rate.
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Spending restraints in President Bush's budget proposal would mean deep cuts to environmental protection, community development, veterans benefits and other programs through the end of the decade, a liberal think tank said Wednesday.
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The Bush administration contends that the long-term benefit from the Kyoto climate treaty won't be worth the immediate economic cost.
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President George W. Bush will on Monday unveil a $3 trillion budget that likely will spark anew the wrangling between the White House and the Democratic-led Congress over Iraq war funding, tax cuts and the sagging economy.
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WASHINGTON -- President Bush, who has promised that his plan to allow private investment accounts in Social Security would give workers a &quot;better rate of return,&quot; is seriously mulling a companion effort that could cut future promised retirement benefits for millions of workers by 6 percent, even when potential gains from private accounts are included, analysts said.
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A report from the Congressional Budget Office says President Bush's plan for a troop increase in Iraq could cost up to $27 billion for a 12-month deployment.
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The Bush administration yesterday raised serious objections about congressional efforts to approve a corporate tax-cut bill this week, warning that the Republican-backed
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President Bush, under election-year pressure on the economy, said on Sunday that Democratic presidential nominee John Kerry's plan to raise taxes on the wealthy would hinder the creation of jobs.
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About six months before the United States invaded Iraq, then-White House economic adviser Lawrence B. Lindsey famously estimated that the war would cost between $100 billion and $200 billion. The prediction ended up being way too low: As of Sept. 30, congressional analysts recently estimated, the...