WASHINGTON President Bush is campaigning to make tax cuts permanent, saying that allowing them to expire in 2010 would be harmful to an already limp economy.
Bush said Monday that extending the tax cuts would bring "certainty during uncertain times" in the economy. He said question is what the Congress will do about it.
The remarks came on the five-year anniversary of Bush's signing of the Jobs and Growth Tax Relief Reconciliation Act of 2003, which lowered rates on capital gains and dividends. Edward Lazear, chairman of the Council of Economic Advisers, said that not renewing the tax cuts amounts to a tax increase. He said, "It's always important to remember that taxation means taking money from the people."