President George W. Bush, bolstered
by the capture of Saddam Hussein, may get another boost in early
2004 when refunds from his tax cuts go out to U.S. voters.
Arresting Hussein may defuse criticism from Democratic
challengers such as Howard Dean, giving Bush a chance to reverse
a slide in public opinion polls that had accelerated as the death
toll among U.S. soldiers mounted in Iraq.
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Bush may also get a boost for his domestic policies as
refunds go out to voters next year, said William Sullivan, senior
economist at Morgan Stanley. Tax reimbursements will be about $63
billion higher next year than in 2003, according to Petz
Enterprises, which runs TaxBrain.com, the largest Internet-based
tax service. The independent researcher economy.com estimates the
amount will be $40 billion.
“Everything is falling into place for Bush,” said Larry
Sabato, professor of political science at the University of
Virginia. The capture of Hussein is “the most amazing Christmas
present ever for a president.”
Bloomberg News
