Research Report Reversal in Budget Policy
Bush's First vs. Proposed Second Term
C. Eugene Steuerle
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Much of the discussion over President Bush's 2004 submission of a proposed budget for fiscal year 2005 and beyond has focused on what it is not. It is not an agenda for major reform. It is not a budget that Congress appears to take seriously, especially given the number of days it is scheduled to be in session for 2004. Here, however, I wish to take the budget at face value and to see what preferences are revealed in it.
Research Areas Economic mobility and inequality Taxes and budgets
Tags Fiscal policy Federal budget and economy