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Politics : Formerly About Applied Materials
AMAT 223.20-0.1%12:42 PM EST
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To: Cary Salsberg who wrote (42981)3/3/2001 11:45:51 AM
From: michael97123  Read Replies (1) of 70976
 
Cary,
Tax rates went up from 1986 from about 26% to the current 39.6%. During the bubble economy higher taxes paying off the surplus gave stability. Now the rates are too high to sustain a growing economy sans bubble. Democrat Bill Bradley with the support of his party was responsible for the 26% upper rate. Maybe that was too low. Maybe 33% is just right. Maybe its 35%, i dont know. But almost 40% is too high.
Folks at the bottom are not saving because they have run out of money. Additional cash received in a rebate would most probably be spent stimulating the economy. Perhaps they will buy computers so they can learn to make money here. In any case, savings come after there is enough food, shelter and clothing on the table.
Clinton got thru the 8 years by putting off all decisions dealing with long term health of the economy. Bush has inherited the mess. Growth is what fuels the engine that is the American economy. Until the democrats come up with policy that addresses this fact, we will have only Bush programs to enact. They are not perfect but better than targeted tax cuts and government meddling and certainly better than not returning excess taxes to those who paid them. mike
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