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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Robert Douglas who wrote (2838)	1/3/2001 9:48:27 PM
From: Hawkmoon	Read Replies (2) of 3536

Sounds like I'm the only one if favor of the Bush tax cut. Take heart Robert... I'm with you in supporting the tax cut. I agree with Bush that, as a matter of principle, no one should have to pay more than 33% of their income in taxes. "Across-the-board tax rate reductions in the 1920s reduced the top rate from 71 percent to 24 percent. The economy boomed, growing by 59 percent between 1921 and 1929. In 1930, Herbert Hoover raised tax rates from 25 percent to a maximum of 63 percent, and Franklin Roosevelt boosted them to 79 percent later in the decade. The 1930s, to put it mildly, are not remembered as one of the American economy's better decades." heritage.org Besides, lower taxes frees up capital to be reinvested permitting the creation of more income, and more income taxes based upon economic growth: heritage.org

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