Sheet: Bush's Likely Agenda For Second Term
- Bush pledged to work in a
second term to get Congress to make permanent the $1.9 trillion in tax cuts
over a decade that he won in his first term.
- Most of the reductions,
including elimination of the estate tax, are schedule to end after 2010.
- The 10-year cost of extending
all of Bush tax cuts has been put at more than $1 trillion.
- He also pledged to overhaul the
tax code in a second term. His first step will be to appoint a commission to
recommend the best way to revamp the tax system.
- He has not spelled out what
alterations he would prefer, but some Republican conservatives are campaigning
to scrap the current income tax and replace it with a national sales tax.
- At a time of soaring oil
prices, Bush is expected to continue promoting new energy production and press
Congress for laws that encourage development of traditional fossil energy
sources - oil, coal and natural gas.
- He also is likely to renew his
call for Congress to allow oil drilling in the Arctic National Wildlife
Refuge. Environmentalists strongly oppose drilling there.
- Look for a continued effort to
make it easier to develop oil and gas on federal land. He will push Congress
to require reliability standards for power lines and provide incentives for
new power line construction. But he opposes enacting federal requirements for
utilities to use renewable fuels, arguing that should be up to the states.
- Bush's hands-off policy on
energy prices is expected to continue.
- He is likely to continue
pumping oil into the government's Strategic Petroleum Reserve and reject calls
to use the government oil except to counter a major supply disruption.
- Bush's top environmental
priority is to rewrite air pollution laws and regulations. His agenda could be
overshadowed by an international climate treaty taking effect without U.S.
- He hopes finally to persuade
Congress to pass his stalled "Clear Skies" plan for curtailing power plant
pollution but not emissions of carbon dioxide, the main greenhouse gas linked
to global warming.
- Tough court fights loom on his
easing of rules that require older industrial plants and refineries to add
pollution controls if they expand.
- Under court order, the EPA is
due to introduce by March the first national cap on mercury emissions.
- Bush plans to cut spending on
low-interest loans for local clean water projects and to seek more federal
support for development of a hydrogen-fueled car.
- He also wants to overturn a
Clinton-era ban on 58 million acres of roadless areas and allow logging and
road-building in them unless governors petition the federal government to
- He would keep Yellowstone
National Park open to snowmobiling, despite a challenge in federal court.
NBC 13 News. "Fact Sheet: Bush's Likely Agenda For
Second Term." nbc13 04 11. 2004. NEWS. 11/17/2004 <http://www.nbc13.com/news/3889489/detail.html>
NOTE: In accordance with Title 17 U.S.C.
section 107, any copyrighted material herein is distributed without profit or
payment to those who have expressed a prior interest in receiving this
information for non-profit research and educational purposes only. For more
information go to: