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Politics : Stockman Scott's Political Debate Porch
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To: Jim Willie CB who wrote (11182)1/7/2003 6:12:09 PM
From: American Spirit  Read Replies (2) of 89467
 
Bush Tax Plan will not stimulate anything but Phillip Morris stock:
But Reason magazine -- a libertarian organ whose editors never saw a tax cut they didn't like -- is also skeptical of the White House justification for this one. Today's Reason editorial calls the new Bush plan "just weird," noting that claims it will stimulate the economy have "already drawn hoots of derision from across the economic landscape."

The Reason editors candidly admit that too few people actually pay dividend taxes for the cut to create a stimulative effect. It will, as they point out, favor big business at the expense of smaller, newer companies (and it will also, as they don't point out, place a competitive financial burden on cities and states that are already destitute).
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