This is the framing for an interesting battle

Key White House tax proposals would cost the U.S. government tens of
billions of dollars in lost revenue, the Treasury Department said on Monday,
although the administration says they will help boost revenues in the long
run.

Making permanent expiring tax breaks for dividends and capital gains,
which expire at the end of 2008, would cost the government $7.74 billion in
2008 and $37.02 billion in 2009, Treasury said in its “Blue Book”
description of revenue proposals in President Bush’s fiscal 2007 budget.

Making dividend and capital gains tax breaks permanent is a central Bush
administration goal in 2006, but critics say the administration will be
hard-pressed to both keep the tax breaks and achieve its other priority,
cutting the federal budget deficit starting in fiscal 2007.

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There is that old saying “You got to spend money to make money”. While that
is true in normal business operations, the same can not be applied to
government. Bush must really believe there is some magic money tree that
generates revenue for the government. With this kind of thinking it is no wonder
he has had so many failed businesses in the past.