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Politics : Moderate Forum

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From: Suma10/22/2004 3:22:12 PM
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Mr. Soros, what would you say to a moderate Republican
businessman who, even though he may be sympathetic to your
argument about Iraq, is still troubled by other elements in
Kerry's respective policies related to court appointees, tax
policies, regulatory environment, things like that. How would
you persuade such a moderate Republican in the totality of
the election?

A: I have talked to many moderate Republicans who are very
disturbed about the budget deficit. It is really contrary
to the principles that the Republican Party used to stand for.
There is a latent rebellion about that because it feels quite
good while you're spending the money, but then there is how to
pay. And we've gone from the largest surplus to the largest
deficit in a very short period of time. And we have cut taxes
at a time of war - that has never been done before. The tax
cuts, of course, benefit people like me. But if you take a
little longer view, it's extremely harmful. And I had an IT
venture capitalist call me up and say that he wants to
contribute to America Coming Together the amount of money he
saved on the latest tax cut, which was three million dollars.
So that is, I think, a very important argument. I don't think
that it is in the spirit of the Republican Party to run a budget
deficit out of control.
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