Intel Strategy for Achieving Wealth and Off Topic Message Board

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Technology Stocks : Intel Strategy for Achieving Wealth and Off Topic

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To: Gerald Walls who wrote (26337)	8/11/2000 2:54:36 AM
From: Sonny McWilliams	Read Replies (1) of 27012

Gerald. I totally agree with your post to Bill. So I would take any little tax cut and cap gains tax cuts the President would sign. But no such luck with this President and his Vice President. When you have a household income of 50,000 you are just too rich to deserve some of your money back. Only they know how to dole it out to you in some kind of benefits. I do believe though that we should pay some of the debt back, Soc.Sec. needs to be fixed and better health care has to come about. Tough road ahead. Something has to be done with prescription drugs. Maybe there should be a non profit prescription plan for all people where you pay into it from the day you start working. Medicare alone can't take care of all that and insurance cos. may not be the right place either. As far as this tax cut bill Clinton vetoed is concerned, it was rewritten. The 28% tax bracket was not moved higher, only the 15% bracket was moved higher. I guess I'd better find that tax bill again. This is supposed to help the marriage penalty AND stay at home moms. Both stay in a lower bracket longer. This watered down bill would not give more advantage to higher incomes than to lower incomes as I understand it at this moment. gg. The bill was watered down because Clinton said he would not sign a tax bill that benefits the rich. Again. Orig. the 28% bracket was going to be moved also. But our administration thought it would wreck the surplus. All this does affect our future and def. is important to the stock market. Putting part of the Soc.Sec. into stocks is an interesting idea, especially for younger folks. Sonny

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