August 9, 2007
You have GOT to be kidding me
President Bush said yesterday that he is considering a fresh plan to cut tax rates for U.S. corporations to make them more competitive around the world, an initiative that could further inflame a battle with the Democratic Congress over spending and taxes and help define the remainder of his tenure.
Advisers presented Bush with a series of ideas to restructure corporate taxes, possibly eliminating narrowly targeted breaks to pay for a broader, across-the-board rate cut. In an interview with a small group of journalists afterward, Bush said he was “inclined” to send a corporate tax package to Congress, although he expressed uncertainty about its political viability.
I find the phrasing of the second paragraph telling, though. “Advisers” presented him with these ideas, and he was uncertain about the political viability of the plan. Hmm. I’ve been inclined for a while now to think that Bush is much more a pawn in the political game than a player, and this seems to support that idea. It’ll be interesting to see how this plays out — and, in general, to see what Bush does with the remainder of his time in office.