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Day of Reckoning

Day of Reckoning

State of Emergency

State of Emergency
October 6th, 1998

Tax Cuts Take a Back Seat — To the IMF

by Patrick J. Buchanan – October 6, 1998

Can it be that a Republican Congress will wind up killing a near $18 billion tax cut this year for American families, only to hand $18 billion over to the IMF to make the world safe for hedge funds?

So it would seem. The GOP’s modest tax cut of $80 billion over five years is hanging by a thread in the Senate. But a House-Senate conference is colluding to tack $18 billion in fresh IMF money onto a foreign aid bill and then whip it through the House.