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Politics : Foreign Affairs Discussion Group
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To: TimF who wrote (149184)10/26/2004 6:47:15 PM
From: michael97123  Read Replies (1) of 281500
 
"Political sound bites don't allow for a detailed explanation of exactly what Bush meant by "Most of the tax cuts went to low- and middle-income Americans". "

Those low and middle class folks will sure find out soon enough if kerry is elected president. But apart from all the ways of figuring the burdens, it still strikes me as amazing that some economists can maintain that 41% tax rates in recessionary or slow growth times is good tax policy. Hell it only worked in the clinton years because it was used as a piece of bread to slop up all the gravy in boom times. And then there is the dividend tax increase which prevents double taxation and certainly the 85% exclusion is pro-growth. Mike
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