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U.S. Treasury's Snow repeats deficits manageable
Reuters, 02.04.04, 2:00 PM ET
WASHINGTON, Feb 4 (Reuters) - U.S. Treasury Secretary John Snow on Wednesday repeated the Bush's administration view that the U.S. budget deficit was "manageable," as he again called on Congress to make the Bush tax cuts permanent.
In a second day of testimony on the president's fiscal 2005 budget proposal, which was released on Monday, Snow told the House of Representatives' Budget Committee failure to make the tax reductions permanent would harm the economy.
"The ability of American families and businesses to make financial decisions with confidence determine the future of our economy," he said in testimony prepared for delivery before the panel. "And without permanent relief, incentives upon which they can count, we risk losing the momentum of the recovery and growth that we have experienced in recent months."
Snow's prepared remarks were identical to testimony he presented to the House Ways and Means Committee on Tuesday.
Copyright 2004, Reuters News Service
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