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Politics : Formerly About Applied Materials
AMAT 261.82+0.4%3:59 PM EST

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To: daryll40 who wrote (41220)1/2/2001 8:24:22 AM
From: michael97123  Read Replies (1) of 70976
 
Best thing for the economy is not a standalone huge tax cut but is a balanced lowering of interest rates along with the parts of the tax cuts that will give the economy an immediate lift. If AG assumes a huge tax cut, the movements on rates will be more limited. Be patient, a rate cut and an end or at least moderation of the death tax are structural changes necessary for long term growth but the car wont start without a fresh battery first.
And the Bush plan will have a better chance to pass in a bull market with surplus that are refunded rather than an economy that is slowing and generally perceived to be moving into recession. I hate taxes too and think that the marginal rates are much too high and that taxes should be eliminated on the lower end as does Bush. Again, be patient we need AG onboard first.
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