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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Robert Douglas who wrote (2837)1/3/2001 8:58:47 PM
From: Robert Douglas  Read Replies (3) of 3536
 
Sounds like I'm the only one if favor of the Bush tax cut.

I'm assuming it would be negotiated down to about $1 trillion and that's spread over 10 years. Hardly a big deal in an economy that's $10 trillion.

Besides, federal tax receipts have passed 20% of GDP and are the highest in history. Now is a good time to bring that number down while the economy isn't superheated. Besides, do you really think that Uncle Sam can resist spending that or actually pay down debt? That's up there with, "I'll respect you in the morning," and "The check is in the mail."
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