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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Robert Douglas who wrote (2838)1/4/2001 9:00:13 AM
From: Lee  Read Replies (2) of 3536
 
Robert,

I too am in favor of the Bush tax cut. $500 per family will be helpful antidote over the next few years. I also believe it will be renegotiated in congress to less than the original estimate.

I am amazed at how many people are no longer for tax cuts. The same friends who were all for tax cuts before we started to pay down the debt now view cuts as irresponsible. It has also become an all or nothing decision. Either we pay down the debt or cut taxes. Somehow $1 trillion in tax cuts leaves no money left for debt reduction. Yet most people do believe the money for debt reduction is there regardless of the path of the economy.

Lowering tax receipts to closer to the historical average I believe is the responsible path to ensure the prosperity that enables debt reduction.

Regards,
Lee
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