LINK: David Broder on the domestic overreaches of the administration:
"Not content with the dividend tax exclusion that he made the centerpiece of his "economic recovery" plan, Bush had the Treasury float a proposal for a new array of tax-sheltered savings accounts that would remove billions of dollars of investment income annually from the reach of the Internal Revenue Service. Were it to become law, the burden of financing government would fall even more heavily on those who depend on wages for their living.
But this last proposal was too much even for some Republicans. The first Ways and Means Committee member approached by the White House to sponsor the scheme flatly refused, and a senior House GOP member with close White House ties told me the package was "a mistake" and would soon be abandoned."
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