Treasury's O'Neill courts Wall Street on tax cuts

U.S. Treasury Secretary Paul O'Neill courted Wall Street support on Feb 7, 2001 for President George W. Bush's $1.6 trillion tax cut plan, saying huge budget surpluses left ample room to give taxpayers a break. Bush is due to propose the cuts on Feb. 8 and O'Neill said his boss wanted them to take effect quickly. "The president's program would use $1.6 trillion of $5.6 trillion of the estimated surpluses over the next 10-year period, so I would argue there is plenty of room to do what the pre