Part one of term paper
On May 25th,1995, the Senate passed a spending plan intended to eliminate the budget deficit by the year 2002 by decreasing government spending while cutting taxes. The Senate's plan is less extreme than the plan passed by the House a week earlier, and both chambers hope to agree upon a compromise plan before the July 4 recess. This may prov ...

Part two of term paper
... from cuts, increase military spending, and cut funding for Medicare, Medicaid, and student loan programs. Though the numbers may still be at issue, all sides agree that taxes must be cut. But is a tax cut wise? Fifty years ago The Atlantic published an article by the then-managing editor of the Monroe Evening News, Karl Zeisler. In his article "Who Wants Taxes Cut," (October, 1945) Zeisler makes a persuasive argument against the low-tax lobby and the low-tax ethic itself. Zeisler's argument is ...