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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Neocon who wrote (18877)5/15/2000 11:10:00 AM
From: DMaA  Read Replies (1) | Respond to of 769670
 
The arbitrary manner in which tax exempt status is being selectively granted, and snatched back is a not so subtle attack on free speech.

The whole subject of tax exemption need a good looking at. BTW, with a consumption tax, the whole subject evaporates.



To: Neocon who wrote (18877)5/15/2000 12:14:00 PM
From: Les H  Read Replies (2) | Respond to of 769670
 
There's so much abuse regardless of how they plan to 'reform' the financing. Whichever party proposes a 'solution' is generally to benefit their own interests and how they best raise funds. They should get rid of using federal tax revenues to fund or match presidential political campaigns. It's basically welfare for the two parties.

As for GW and AG's plan for saving social security, one can plainly see that they're just migrating the government debt from marketable public securities to the SS non-marketable securities: (US Treasury site URL below for monthly statement on the debt)

ftp://208.131.225.4:21/opd/opds042000.prn

It matches almost exactly the 200 billion dollars. Also, the big increase in debt securities issued that pay no interest. At the rate things are going, I wouldn't be surprised at seeing a surcharge or excise tax on SS withdrawals after 2015. The Democrats already tried it in 1990 to the tune of 15% excise tax.