The Gop's Tax Cuts Are Falling Off The Table

A curious thing is happening to the huge individual and corporate tax cuts that are a centerpiece of the House GOP's Contract With America: Despite all the goodies, support among business and the general public is downright tepid. Many corporate executives say they'd much rather see Congress cut the deficit than taxes; they figure lower interest rates produced by deficit reduction would be more helpful than a modest drop in taxes. That's one reason Senate Republicans are rapidly losing interest in ambitious tax-cutting.

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