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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (81058)3/15/2001 3:49:15 PM
From: robnhood  Read Replies (3) of 436258
 
<<<-- [B] US BUDGET: White House: Stock dive won't have big impact on tax revenues --


--White House says US long-term economic fundamentals are strong
--White House says all recent data underscore need for tax cuts
--White House: Market gyrations are part of long-standing pattern

By Stephen Burns
Washington, March 15 (BridgeNews) - It is "not true" that the U.S.
government's swelling tax revenues depend on capital gains from investments
such as those in the stock market, White House spokesman Ari Fleischer said
Thursday. Defending President Bush's $1.6-trillion tax-cut plan against claims
that falling stock values mean there won't be enough money to fund it,
Fleischer said that all recent economic data in fact underscore the need for
the plan.>>>
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