While a tax bill at only $350 billion greatly reduces the potentialfor economic growth under the President's original plan, higherlevels of economic growth can still be achieved if Congress enactsthe best provisions of the President's plan.
The House and Senate leadership currently has before it threeoptions for cutting taxes and advancing economic growth: the taxlegislation recently passed in the House (H.B. 2) and the Senate(S.B. 1054) and President George Bush's economic plan.