Bad News Puts Political Glare Onto Economy [View All]

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For the first time in four years, economic concerns are rivaling the war in Iraq as a top issue on the political agenda.

Sensing new political momentum, Democrats in Congress and on the presidential campaign trail are stepping up their criticism of President Bush’s handling of the economy and offering their own proposals.

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On Friday, a top House Democrat announced his intention to push for a sweeping revision of President Bush’s tax cuts that would favor middle-income families at the expense of the rich.

“It will be the mother of all tax reforms,” vowed Representative Charles B. Rangel, Democrat of New York who is chairman of the House Ways and Means Committee.

http://www.nytimes.com/2007/09/08/business/08policy.html?hp