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Politics : Formerly About Advanced Micro Devices

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To: Tenchusatsu who wrote (288146)	5/19/2006 7:09:36 PM
From: tejek	Read Replies (1) of 1572122

Sure, the Clinton tax cut may be costing over $50B in federal tax revenues, but states are making up for it with higher property tax revenue. The real estate bubble is also what's helping to pump this latest recovery, for better or for worse. But it wasn't the states that were effected by the pass on capital gains. And the Clinton one time exemption on the capital gains tax is not costing the fed $50 billion......no matter what McMannis tells you.......its costing much less in fact. However, it is true that the Bush tax cuts are costing us roughly $90 billion in revenue. In fact, we are still nowhere near the revenue intake we were before the tax cuts were implemented while the budget deficit and the national debt grow each year. I doubt that you would live that way but the GOP insists that the country do so. Strange disconnect......... As for McMannis, he's taking advantage of the fact that no one sells real estate on the thread besides him. So he makes all kinds of statements with one foot in truth and the other in lies.

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