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Strategies & Market Trends : Waiting for the big Kahuna

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To: Berney who wrote (28359)9/19/1998 1:09:00 PM
From: Lee Lichterman III  Read Replies (1) of 94695
 
>> declare a budget surplus, and proceed to argue about how the surplus should be spent. <<

What I get a real kick out of is how no one has addressed the surplus now that the expected capital gains taxes from this year have been cut substantially from the latest market action. If the early numbers announced after the initial drop were close to accurate (3 trillion in lost money operating from memory) what is going to happen to the 30% tax that was expected to be received on that money?

Lee
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