PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: American Spirit who wrote (43967)	10/8/2000 6:15:32 PM
From: Ish	Read Replies (3) of 769667

<<The decision to start paying off the national debt instead of giving tax cuts was the biggest single contributor to the 8 year boom we've experienced. <<One thing is for sure, a massive tax break will create inflation and raise interest rates.>> First the national debt is higher today than it was yesterday, last week, last month, last year. It's not being paid off yet. Then again the government is getting money for programs @ around 5.8%, which is a pretty low loan rate. Second, since JFK held office, lower tax rates add up to higher tax revenues. A better economy. Now Bush's tax cut is $1.3 trillion over 10 years when the surplus is figured to be $25 trillion. Not exactly massive. Plus it's across the board. Not as convoluted as Gore's.

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