House Leaders Are Pushing to Cut Corporate Taxes

House Republican leaders are nearing agreement on a bill to give nearly $60 billion in additional tax breaks to corporations, brushing aside Democratic complaints that the measure would deepen the federal budget deficit. …

The Center for Budget and Policy Priorities, a liberal policy research group, said preliminary tax data for this year indicated that corporate taxes accounted for just 7.4 percent of total tax receipts, down from about 21 percent of total receipts in the 1960’s.

I was sure there would be no more talk of new tax cuts until after 2004. But maybe the Republicans sense the end is near and they need to raid the Treasury completely while they can. mjh