What Is That Oink, Oink?

As Bush rolls out a $1.6 trillion tax cut, lobbyists and politicians scramble to bulk it up even more

Even George W. Bush seemed surprised at how hot tax-cut fever was getting. At a White House meeting last week with Congressmen from the Ways and Means Committee, Bush marveled that while he had proposed a $1.3 trillion tax cut on the campaign trail, "Now, all of a sudden, people are throwing out $1.6 trillion. Everything in Washington seems to grow." Massachusetts Representative Richard Neal leaned over to him. "So, Mr. President," he asked, "what is the real number?" "$1.8 trillion!" Bush shouted, then said he was only joking. But the Congressmen weren't. From the back of the room, a Republican...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!