Seeking Ways to Pay for Katrina

By: The Associated Press
By: The Associated Press

Congressman Mike Pence of Indiana says dramatic cuts are needed in "big-ticket items." Pence told ABC's "This Week" he also wants President Bush's tax cuts made permanent.

Democrats have some questions about that. Senator Joseph Biden of Delaware told CNN's "Late Edition" that the government's "not leveling with the American people."

Democratic Senator Barak Obama of Illinois says talk of repealing the estate tax now is "mind-boggling." Interviewed on CBS' "Face the Nation", he said the country could not fight a war in Iraq, rebuild the Gulf region and deal with other domestic needs while cutting taxes for the wealthy.

Even though tax cuts do benefit the wealthy, they also help middle-income Americans who have modest investments, such as IRA plans.


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