Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (129864)	12/19/2000 5:43:53 PM
From: tejek	Read Replies (2) of 1570078

I don't remember it. I would like the repeat. What is a typical tax cut? Tim, The typical tax cut usually is intended to stimulate the economy. Therefore I consider a typical tax cut to be one that effects/reaches as many people as possible. Jim keeps referring to the ending of the gains tax as a tax cut. The gains tax effects the people who are own their own homes. That's roughly 60% of the households in this country. At most, maybe 10% of those people sell in any given year...and most of them reinvest their gain in a more expensive house. Given this scenario, my view is that the amount of economic stimulus from this change is relatively small, and so I would not classify the changes in the gains tax as a tax cut. To add to what Scumbria said, the slow down is not due to a problem with consumer spending but rather a drying up of loan $$$ because the Feds hiked up the fed rates. So you don't want to prompt the consumer but rather the lending markets. The way you do that is not thru a Bush tax cut but through cuts in the Fed rates. ted

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