Summary
If you worry about the tax load your children or grandchildren will assume, you'll love what the U.S. Senate did .... And you should hope with all your heart that the U.S. House follows the Senate's lead.
The GOP Senate passed a budget blueprint for 2005 that requires those who propose tax cuts to come up with the funds to pay for them -- or else find 60 votes to pass the reductions. Previously, Congress had been cutting taxes without much regard to their impact on the deficit. Now, senators are saying the new rules apply even to the president's wish to make his earlier tax cuts permanent. ...See the full content of this document
Extract
Time for Pay-As-You-Go
The House needs to apply...
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