BBC Home
Explore the BBC
BBC News
Launch consoleBBC NEWS CHANNEL
Last Updated: Monday, 12 May, 2003, 10:42 GMT 11:42 UK
Bush sells tax cuts to voters
By Ian Pannell
BBC Washington reporter

The Levi's factory in El Paso, Texas, closed in 2000.
Levi Strauss is among the US firms that have cut jobs

President Bush is embarking on a nationwide tour this week to promote his controversial $550bn (343bn) tax cut proposals, and to fend off criticism of his handling of the United States economy.

The US Congress is weighing up the size and scale of the administration's fiscal stimulus plan.

The White House has indicated that it is prepared to compromise on the president's original proposal.

As the Iraq conflict slides down the news agenda, the Bush Administration is turning its attention to the economy - seen as a key issue in next year's presidential elections.

Stumbling recovery

The US recovery is proving slower than expected.

The country is facing record-breaking deficits and most damaging of all for the White House, unemployment is at an eight-year high.

So the president is jetting off to America's heartland to try and push the tax cuts he sees as the remedy for both jobs and growth.

The reality is that the administration will have to accept a scaled-back plan as opposition in Congress to the full proposal is overwhelming.

The pre-election campaign for the 2004 presidential race has already begun in the US.

Polls show the main concern for most Americans is the economy.

US backs off from 'strong dollar'
12 May 03  |  Business
Senators approve US tax cut deal
09 May 03  |  Business
Bush makes tax cut plea
05 May 03  |  Business

The BBC is not responsible for the content of external internet sites


News Front Page | World | UK | England | Northern Ireland | Scotland | Wales | Politics
Business | Entertainment | Science/Nature | Technology | Health | Education
Have Your Say | Magazine | In Pictures | Week at a Glance | Country Profiles | In Depth | Programmes
Americas Africa Europe Middle East South Asia Asia Pacific