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Politics : Formerly About Applied Materials

AMAT 256.41

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Dec 19 9:30 AM EST

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To: Cary Salsberg who wrote (66695)	11/6/2002 12:51:18 PM
From: michael97123	Read Replies (1) of 70976

What do you think about Liebermans proposal for eco stimulus? I know you will hate it. It only goes to the top 1%. <G> from msnbc "On the morning after the Democrats’ election defeats, one leading contender — Connecticut Sen. Joe Lieberman — focused on the ailing economy as a key to 2004. Lieberman was quick to tout his proposals to get the economy moving faster: a zero capital gains tax rate for direct investments in new, small technology companies. “The zero rate for a three-year stock holding would discourage early selling, giving entrepreneurs the financial oxygen they need to breathe,” said Lieberman in an op-ed piece in the San Jose Mercury News. He also proposed a one-year 20 percent tax credit for investments in information technology. “The Bush administration has no recovery strategy or no new ideas — only its old tax cut — to rejuvenate business investment and the tech sector,” he charged. Some left-leaning Democrats will oppose any new business tax breaks; They’re morel likely to back Gephardt or Dean than Lieberman."

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