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Politics : PRESIDENT GEORGE W. BUSH
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To: AK2004 who wrote (492531)11/14/2003 12:45:15 PM
From: DuckTapeSunroof  Read Replies (2) of 769670
 
"$1.5 trillion and growing, what kind of historic norm is that?"

>>> Wonder where that figure came from? It exceeds the calculated cost of the S&L bailout (which, counting interest, is likely @ or above $1 T. now). I find that unlikely.

>>> The airlines were already in financial trouble. Surely you are not lumping every conceivable expense into this grab-bag?

re: tax codes

"can be improved, agreed"

>>> That's an understatement! Why, an effective 'reform' (hate to use that term... because most 'reform' efforts have only succeeded in further complicating the tax codes, inserting more loopholes and 'special tax preference items'), could net a positive gain of $300 - $500 Billion just by lowering compliance costs.

>>> The gains from eliminating tax-based, un-economic incentives are immeasurable... but likely fair exceed just the compliance cost savings.
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