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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (198654)9/3/2004 2:36:05 PM
From: TimF   of 1573984
 
The trend is for federal revenue to go up even when tax rates remain the same, and in many cases even when tax rates go down. Over time the impact is very strong although in the short run this doesn't always happen.

As for the poverty figures, they aren't directly related to the subject at hand. Also tax increases would only make them worse. We are coming out of one recession now, slowing or reversing that recovery by increasing taxes would only make moor people poor.

To the extent that poverty stats are based on relative income rather the absolute income, and to the extent they include recent immigrants, most of the poor could be better off even as the poverty rates increase. I don't think they count certain forms of income or include the effects of taxes so the figures are thrown off even more.

If you want a more specific response then you have to make a more specific point rather than "look at the poverty figures".

It's just a matter of when we get a President in office that has some fiscal discipline, who thinks about the future in terms of what's good for the country instead of his next election.

If the president does think that way then we will see spending cuts but I'd be willing to bet that whoever is elected doesn't make any big cuts.

Tim
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