Currencies and the Global Capital Markets Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Currencies and the Global Capital Markets

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lee who wrote (2851)	1/4/2001 5:39:53 PM
From: Hawkmoon	Read Replies (1) of 3536

Somehow $1 trillion in tax cuts leaves no money left for debt reduction. Considering that they are projecting a $3-4 trillion surplus (depending on who's figures you use) over the next 10 years, it would seem to me that they have room to let taxpayers keep a bit more of their income AND pay down the $3 trillion national public debt, or at least a good chunk of it. Besides, we know that cutting taxes frees up capital to be re-invested, with later increases in GDP and tax revenues. Reducing interest rates will likely do little to spur consumer activity -as was made clear in today's WSJ editorial section-, since consumers will hold off major purchases in anticipation of lower rates to come. Tax cuts, properly implemented, can have a much quicker impact. That WSJ article was rather interesting in how it pointed out that Fed rate hikes probably increase consumer activity as they opted to purchase "now" while rates were low, thus adding fuel to the economic fire. Regards, Ron

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next