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Among the most notable elements of the federal budget were its reduction of the Goods and Services Tax by one percentage point, income tax cuts for middle-income earners, and $1,200-per-child childcare payment (the "Universal Child Care Benefit") for Canadian parents.
In an Op-Ed piece published in the Southeast Missourian, John Elliott, the President of the Adam Smith Foundation, argued that the recent state surplus should be given back to the public either through tax cuts or through a large refund.
In 1995, after being elected on the "Common Sense Revolution", a Reagan-style program of tax cuts and government cutbacks, Eves was appointed Harris' Minister of Finance and Deputy Premier.
He stated that the George H. W. Bush and Bill Clinton administrations received "massive" extra revenues as the result of tax increases while the George W. Bush administration tax cuts lead to a "massive" drop in revenues.
Election analysts ascribed the poor performance of the LDP to Koizumi's reforms that have eroded its traditional supporters such as farmers, "Mom-Pop" shop owners and construction workers, because the reforms, including deregulation and tax cuts, were tuned to help big global corporations like Toyota.
Senator Lincoln Chafee of Rhode Island, an opponent of the war in Iraq, Bush's tax cuts, drilling in the Arctic National Wildlife Refuge, and much of Bush's social agenda, considered challenging Bush in the New Hampshire primary in the fall of 2003.
In 2006 Sebastian Mallaby of The Washington Post quoted George W. Bush, Dick Cheney, Bill Frist, Chuck Grassley, and Rick Santorum misstating the effect of the Bush Administration's tax cuts.
Trickle-down economics, a rhetorical term for tax cuts on high incomes and business activity