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Politics : Al Gore vs George Bush: the moderate's perspective
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To: American Spirit who wrote (2448)10/14/2000 8:08:05 PM
From: TimF  Read Replies (1) of 10042
 
tax cuts are just another form of spending the surplus.

Tax cuts are not a form of spending anything. The money is not the governmnet's money it is money taken from the taxpayers. If the government takes less it is not spending more.

the tax cut scheme also assumes that we have 10 more years of surpluses. judging from the market lately we know how wishful that might be. in which case what are our priorities? SS, Medicare, Education, Environment, Defence on Gore's side. (yes he spends more on defence in his plan than Bush does) And tax-cuts for Bush. (and yes of course half of it goes to the richest 1% which Bush cannot deny).

If we don't have 10 more years of surplusses then tax cuts can be more easily refersed then new spending. Also I think the "half of it goes to the richest 1%" is incorrect. It is more then 1/3 but not 1/2. Even if it was correct the simple reason would be because they are paying the most taxes. If you cut taxes fairly and evenly then the richest will get the biggest tax cut. They had the biggest increase when Clinton increased tax rates, similarly they will get the biggest cuts when tax rates are cut. I make less then $50k, but I guess according to Gore I must be rich as I don't get any of his tax cut.

Tim
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