Late October 2004: Republicans Shoot Down Trimming Tax Break for Rich to Pay for Military Construction

US Representative David Obey, a senior Democrat on the House Appropriations Committee, proposes to reduce President Bush’s recent tax cuts for the roughly 200,000 Americans who earn more than $1 million a year in order to help offset the $1.5 billion cut in Bush’s military construction budget. By reducing the tax break from $88,300 to $83,500 the government would be able to restore $1 billion to the budget. But the Republican majority on the construction appropriations panel immediately shoots down Obey’s proposal. [Army Times, 6/30/2003]