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1/10/2005

TAX CUT CREATES FEWER JOBS THAN PROMISED

President George W. Bush’s tax cuts have fallen 3.1 million jobs short of the 5.1 million jobs the administration projected would be generated over the past 18 months, according to a new analysis at www.jobwatch.org by the Economic Policy Institute. Meanwhile, for the fourth year in a row, the number of job cuts announced by U.S. employers in 2004 topped 1 million, according to Challenger, Gray & Christmas, an outplacement firm. “The economy remains unbalanced and unsettled, giving working families plenty of reason to worry about what may lie ahead,” said AFL-CIO President John Sweeney.

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