New Tax Break for Business36:17

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photoThis afternoon the House gave the green light for huge tax cuts for business. The 150-billion-dollar bill is intended to compensate manufacturers that will no longer receive a roughly 5-billion-a-year export subsidy ruled illegal by the World Trade Organization.

Some say the new bill will spur job growth and give new strength to America's struggling manufacturers. Others say it is packed with pork and just shifts the tax burden yet again to the little guy. Corporations' share keeps dipping, from 27 percent in the 1950s, to 20 percent in the 1960s, to 12 percent during Clinton's second term.

Click the "Listen" link to hear about America's tax burden and who carries it.


Dan Parks, economics and finance editors at the Congressional Quarterly

Bob McIntyre, director, Citizens for Tax Justice, a public interest research organization. He is also contributing editor at The American Prospect magazine.

Dan Mitchell, senior fellow in political economy at the Heritage Foundation, a conservative think tank. He is author of "The Flat Tax: Freedom, Fairness, Jobs, and Growth."

This program aired on June 17, 2004.