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Politics : PRESIDENT GEORGE W. BUSH
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To: JDN who wrote (674026)3/4/2005 10:42:50 PM
From: DuckTapeSunroof  Read Replies (1) of 769670
 
"On that we agree, except that there is a possability that in a changeover period it might be necessary to have some semblance of both to keep the treasury revenues on track. jdn"

Yes, I agree. the present tax code is so mindlessly complicated --- and business and individuals have made so many financial decisions based upon capturing benefits in the code --- that a phase-out period would be necessary.

IMO, it should be shorter though, not longer. (3 to 5 yrs., MAX... not 10, 15, 20, etc.)

Like the 'shock therapy' that Eastern European nations such as Poland underwent in their transition from a Communist economic model to a Capitalist one... it's best to front-load as many of the changes as possible to maximize the gains and minimize the pains.
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