PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: JB2 who wrote (52)	6/16/1999 9:19:00 AM
From: Les H	Read Replies (2) of 769667

Getting Iraq out of Kuwait and potentially Saudi Arabia was in the national interest. Dogbert, the economy was soft for 3 years thanks to the war being imminent in 1990-1991 and the cleanup of the S&L mess in 1991-1992. Demand for oil was still down after the price of oil came back down. The price spike didn't last long. Capital gains went from 20 percent to 28 percent as a result of the 1986 tax act. They went up further to 31 percent as a result of the 1991 tax act under Bush. Capital gains rates weren't brought down till the Republicans took Congress.

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