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Politics : Formerly About Advanced Micro Devices

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To: Jim McMannis who wrote (219014)	2/14/2005 3:18:44 PM
From: tejek	Read Replies (1) of 1575424

Well here ya go, This is for all the people who complain about Bushes tax cuts and the out of control Bush deficits. The cap gain tax break on the sale of you primary residence costs the government $23 billion a year in lost tax revenues. Lay that out over the 7 years it's been in effect and that's a cool $161 billion added to the government deficit. Who signed this tax break? CLINTON! This pales to the $500 billion shortfall that hikes the deficit over the same period of time. The mortgage interest rate deduction at $73 billion a year. But that was already there and supposedly promotes home ownership. In reality it just ups the price of a home. < How's business? If it weren't for this tax break, there would not be a housing boom in this country right now, the recession would be much, much deeper and you would not be posting on this thread because you would be too busy cold calling to drum up business. Your gratitude is a bit underwhelming. How come you don't bite the Bush hand that feeds you in terms of his tax cuts which are the real culprit of the current budget deficits but you are so eager to do so with the Clinton hand? Partisan politics once again? I thought so. ted

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