President Bush has called on Congress to make his tax cuts permanent, saying they will keep the economy on track to cut the deficit in half by 2009.
In a radio address to the nation Saturday, Mr. Bush said some Democrats in Congress want to repeal the tax cuts or let them expire over the next few years. Mr. Bush said the cuts instituted in 2001 have put $880 billion back into the hands of American citizens. He said giving citizens more spending power helps the economy grow.
Mr. Bush said eliminating the tax cuts will present American families with a big tax increase that they do not expect and will not want.