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Politics : PRESIDENT GEORGE W. BUSH

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To: TigerPaw who wrote (123825)1/26/2001 3:47:45 PM
From: Les H  Read Replies (3) of 769670
 
greenspan on tax cuts

bondtalk.com

i would rather see rationalizing of the tax code rather than tax cuts, basically eliminating special interest breaks, such as home equity interest deduction, EITC, education IRA, tax shelters, and other credits in favor of across the board lower rates. Basically, keep the variance in taxes paid by individuals in specific income brackets small. Tax equity. One could see much lower rates such single digits for the low end and 20-30 percent at the high end.
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