News Story of the Week

Comments on “Tax Panel Says Popular Breaks Should Be Cut”, by David E. Rosenbaum in the New York Times, October 12, 2005.

In regards to recent events, the United States is spending a lot of money, all the while running an enormous budget deficit. While this may be common knowledge, the plans currently going through Washington aiming to solve our money woes are less commonly known. This article helps the public to understand what solutions are being considered. The alterations in the tax codes discussed will not be made for some time, if they are even made at all. The timing of this article is what makes it so important. We often find out about legislation after it has been passed by congress or put into effect. Being informed about legislation in its early stages benefits the public because we are able to lobby for or against legislation before it becomes law.

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