Bad Credit Mortgage Refinance ®
		Home Page Mortgage News You Can Use   Snow says U.S. tax cuts must be permanent Tuesday February 10, 11:00 am ET TAMPA, Fla., Feb 10 (Reuters) - U.S. Treasury Secretary John Snow said on Tuesday that tax cuts pushed through Congress by the Bush administration pulled the economy out of decline and must be made permanent to preserve the gains. Speaking at a breakfast session organized by the Tampa Chamber of Commerce with about two dozen business leaders, Snow said the administration had made "serious progress in changing the economic direction of this country" and lower taxes had led the way. The tax cuts "provided the stimulus that was necessary to turn the economic ship around ... and they are now encouraging and allowing for the economic growth that is continuing into the future," Snow said. The U.S. Treasury chief spoke a day after President George W. Bush vigorously defended his tax cuts during a visit to Missouri and charged that opposition Democrats were seeking to raise taxes. Snow stayed in Florida after a weekend meeting of Group of Seven finance ministers at Boca Raton, visiting Miami on Monday to announce an enforcement action stiffening prohibitions against Americans dealing with Cuban firms before traveling to Tampa and then to Jacksonville to discuss the economy. Bush has seen a falloff in his job approval numbers recently, partly stemming from fallout over the failure to find the promised weapons of mass destruction in Iraq, but also because of unease over the soaring budget deficit, projected to hit a record high $521 billion in fiscal 2005. SAYS LOWER TAXES VITAL Snow claimed a reduced tax burden had helped put the U.S. economy on a path of sustained recovery from a mild recession in 2001 and said it was vital that tax rate reductions that are scheduled to end in coming years instead be made permanent. He noted a proposed increase in the child tax credit for poorer Americans and incentives for small-business investment were scheduled to expire in a few years. "Expiration dates are not acceptable -- we want permanent relief," Snow said. Treasury officials said the purpose of Snow's extended Florida trip was to hear the opinions of business people and to discuss current conditions. Like Bush a day earlier, Snow claimed solid progress was being made in boosting growth and that jobs should follow. On Monday, the White House projected in an economic report the economy would create about 2.6 million jobs in 2004, which would be an average gain of 217,000 a month, nearly twice the 112,000 rate of job creation recorded in January. Asked about the White House report, Snow said the job creation estimates were similar to those offered by some private-sector forecasters but offered no personal projection of how many jobs he expects. Upward of 2 million jobs have been lost since the Bush administration came to power in 2001, a figure that opposition Democrats have seized upon to claim that Bush should not be re-elected in November.   Back to Original Article: Mortgage News You Can Use   Continue with: Hiring Outlook 2004, Part 2 Economists say U.S. growth spurt will end, crisis looms EU Finance Ministers Oppose Currency Sales, Clear Way for Further Advance DIARY-U.S. Treasuries, Tuesday, Feb 10 Analysts look for strong 2004 U.S. economic growth OPEC Springs Surprise Oil Output Cut SEC calls for fraud investigation Housing Affordability Improves In Fourth Quarter The Mortgage Market This Week Mortgage Application Volume Holds Steady Tax Advocates Pressure House Declaration Fails To Give Dollar a Boost Inventories, Sales Rose in Dec. Bush hits road, touting economy Euro Falls as EU Wants Weaker Currency Treasuries Higher on Hopes of Demand
		Bad Credit Mortgage Refinance