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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (153051)10/10/2002 9:14:02 AM
From: Dan3  Read Replies (2) of 1584953
 
Re: Perhaps you would like to list a few things Mr. Bush has done that CAUSED this economic downturn

The main one was his tax-cuts. Bush's cuts reduced revenue for the government, and transferred most of that money to a small number of taxpayers who were already quite wealthy. So the "tax-cuts" were diverted largely into bad investments, Italian marble bathroom floors, and German built cars.

He either should have made no tax cuts, providing the government with some fiscal breathing room, or cut payroll taxes. Cutting payroll taxes would have diverted that revenue to second phone lines / new cell phone subscriptions, Minnesota plywood floors, and domestically built cars - keeping the economy strong.

I would suggest that the recent tax cuts be reversed, and that, instead, payroll taxes be cut in half - by eliminating the half that workers see on their paychecks. Social security can be funded from general revenue (which has already spent the imaginary "surplus", anyway).
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