Read My Lips: No New Tax Cuts?

President-elect George W. Bush may well be war-weary after his court battle to win the Florida vote, but he might find putting into practice his promised tax cut a greater struggle.

Thursday's Stories

Waiting Out the PC Stocks

Drugs Sounding Good to Investors Right About Now

The SEC's Resolutions for Fund World Changes in 2001

Read My Lips: No New Tax Cuts?

We're Looking for a Few Good Value Funds

Smashing the Market Crystal Ball

Will Philip Morris Be Smokin' in 2001?

Click here to see Monday's, Tuesday's and Wednesday's features

A set of tax-relief proposals gleaned from the huge U.S. budget surplus totaling $1.32 trillion was the centerpiece of Bush's presidential campaign, but the road from tax-cut promise to tax-cut reality is loaded with obstacles. The Democrats, who campaigned for a more targeted tax break intended to help those in lower-income brackets, said Bush's tax cuts would benefit only the wealthiest Americans and are staunchly opposed to it. Also against tax-cut plans is Dennis Hastert, the Republican speaker of the House. One more stumbling block might be Federal Reserve Chairman Alan Greenspan, a key driver for helping to pass President Clinton's deficit reduction initiatives and someone who might frown on a tax-cut plan that might add to inflationary pressures and diminish the budget surplus. Bush doesn't want to pick a fight with the Fed. ...