There is plenty of room for additional tax cuts. Pass the revised Presidential line-item veto, and you'll begin to see that we can do so much with so little. California doesn't need a federally-funded pool. Cut it.
Except line-item veto is unconstitutional. I used to favor an Amendent that would add it, but now I'm convineced it's not a good idea.
And as Bono said, it's not like Bush vetoes things anyway.
Bush hasn't really had to veto anything since he's been able to (for the most part) bully the Congress into cutting spending bills within a range that he desires before being voted upon. In the few cases where he should have vetoed the bills, they had supermajority votes and were on key things, like the transportation bill, which were already delayed and needed to be passed.
As far as being unconstitutional, the new watered down line-item veto has passed muster with constitutional scholars and appears to be within the limits of the division of powers. It's something that should be passed and enacted. It will go a long way to deter Congressmen from throwing on pork projects that they know will be singled out by the President and made public for further debates. Congressmen don't like to be publicly embarrassed.