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Tax Cuts and Wall Street

NPR's David Welna reports on the partisan debate raging on Capitol Hill over the turmoil in the stock market and what that could mean for President Bush's tax reduction program. Republicans insist that if the economy is faltering, tax cuts need to be implemented without delay. Democrats argue that the falling stock prices mean it would be too risky to pass a 10-year tax cut plan, given the fact that there is no way to know whether the administration's long-range projections on the economy are accurate.

Copyright 2001 NPR

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