President Bush discusses "strategery" for his second term with his cabinet today. From his victory speech on Wednesday, the discussion will likely include three major issues:
Continuing the War on Terror. That could likely mean a major offensive on Fallujah, where Marines and Iraqi forces were massing before the election. It could also mean military strikes in Iran to take out that country's growing nuclear capabilities.
Social Security. The President has long supported allowing Americans to divert their Social Security withholding taxes into semi-private investment accounts.
Tax Simplification. That may mean a National Sales Tax. House Speaker Dennis Hastert (R-IL) supports a plan to abolish the IRS and income taxes and replace it with a sales tax. Backers say it'd be a 23% tax on everything you buy. But they take the price AFTER adding the tax onto it. States measure the tax based on the pre-tax price. Using that formula, it comes to a 30% increase in the price of goods and services. (ABC News)
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