TO THE OWNER OF A HAMMER, EVERYTHING LOOKS LIKE A NAIL. To President Bush, it's always the right time for a tax cut. The most recent group suffering from excess taxes are the American corporations:
President Bush said yesterday that he is considering a fresh plan to cut tax rates for U.S. corporations to make them more competitive around the world, an initiative that could further inflame a battle with the Democratic Congress over spending and taxes and help define the remainder of his tenure.
Advisers presented Bush with a series of ideas to restructure corporate taxes, possibly eliminating narrowly targeted breaks to pay for a broader, across-the-board rate cut. In an interview with a small group of journalists afterward, Bush said he was "inclined" to send a corporate tax package to Congress, although he expressed uncertainty about its political viability.
A bridge collapses in Minnesota, and newspapers are full of stories about the aging American infrastructure. The Iraq occupation costs American taxpayers billions and billions of dollars. Corporations have already done well out of the tax policies of this administration, and as Will Bunch notes, it's highly unlikely that Bush's approval ratings are so low because he hasn't lowered corporate taxes sufficiently.
No matter. It's always the right time for cut taxes, as far as this administration is concerned.