Instead of arguing that Mr. Bush's tax cut goes too far, we Democrats
should be arguing that it doesn't go far enough. Middle-class
families need more tax relief now as America faces an economic threat
we haven't seen since the 1930s -- the threat of deflation.
The Federal Reserve has already cut interest rates to the lowest
levels in 40 years, and there's not much more it can do. This country
needs a massive economic stimulus now, before we head down the road
of falling prices, falling wages and falling home values. There is a
way out and it works. Let's cut taxes for individuals and business
even more, right now.
Zell Miller
U.S. Senator, Georgia, Democrat
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