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Politics : Foreign Affairs Discussion Group
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To: Katelew who wrote (218440)2/14/2007 2:47:18 PM
From: michael97123  Read Replies (1) of 281500
 
"1987 Omnibus Tax Bill that disallowed big middle-class tax deductions, such as sales tax."

That was the point. Remove deductions aka tax shelters and lower rates---your sales tax allowance under the old system subsidized those fancy cars and fur coats you were buying at the time. Under Reagan, incentives moved toward investment and a way from profligerate spending which is why the Hollywood crowd you run with freaked out. (g)

PS The poor got a lot more from lower rates, higher threshhold than they ever got from sales tax deduction which they couldnt take anyway because they couldnt freakin itemize in the first place. If you feel so bad for the poor, please try to understand what they go thru and not what susan sarandon tells you.
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