In a follow-up to his report on the financial costs of the war, NewsHour economics correspondent Paul Solman looks into who in America is paying the price.
President Bush sent Congress a proposed $2.9 trillion spending blueprint, which includes $245 billion for military efforts in Iraq and Afghanistan. White House budget Director Ron Portman and Senate Budget Committee Chairman Kent Conrad, D-N.D., debate the numbers.
President Bush said larger than expected tax revenue has cut the federal deficit, validating his tax cuts. Former Labor Secretary Robert Reich and Wall Street Journal writer Stephen Moore debate what the new numbers mean for the health of the…
The U.S. Senate voted to extend $70 billion dollars in tax cuts, first enacted in 2003, for five years. While Republicans credit these tax cuts with a surging economy, Democrats believe a majority of Americans are being left out.
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