The release of the Congressional Budget Office's new baseline budget projections on January 29, 2003 offers the opportunity to reassess the fiscal status of the federal government as Congress and the administration consider a new set of budget proposals. This article examines the current budget...

On January 7, 2003, President Bush proposed a new package of tax cuts, consisting primarily of a new tax cut for dividends and capital gains on corporate stock and an acceleration of most but not all of the provisions of the 2001 tax cut that were scheduled to take effect in future years.1 In...