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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (130655)1/24/2001 2:27:13 PM
From: TimF  Read Replies (2) of 1576379
 
I guess for rich Republicans $1.6 trillion is a drop in the bucket.

Considering that the government taxes and spends more then that per year and that government taxation and spending is growing every year, $1.6trillion over 10 years doesn't amount to a massive tax cut. Also as a percentage of GDP or a percentage of government revenue the tax cut is smaller then either Reagan's or Kennedy's tax cuts.
The $1.6trillion figure is so large because it is over 10 years. If you want to make it sound really large it might be over $300 trillion by the year 3000 but the real measure of a tax cut is the % of the cut not a $ figure that can be arbitraily inflated by increaseing the number of years you count.

Tim
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