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Politics : Al Gore vs George Bush: the moderate's perspective -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (2559)	10/16/2000 10:10:42 AM
From: TimF	Read Replies (1) \| Respond to of 10042

Bush tax cut = short-term gain in exchange for more long-term debt. and 50% to those who don't need it. The truely rich (defineing rich by high income because we are talking about income taxes not wealth taxes), could probably easily get by on 10% of their income. So I guess no tax cuts for them are ever justified unless we have rates of 90%+ because after all they "don't need it." The fact that someone might not need all of thier money does not mean it is right to take a huge chunk of it from them. Not only is it wrong but it is impractical. High taxes on the rich reduce investment and increase the percentage of investment that is targeted at reduceing tax burdens rather then looking for the most efficent return. You seem to hate the national debt so much so why do you not attack Gore's new spending plans? Why not attack the fact that Gore and Bush both support prescription drugs being paid for by the government (which will cost a lot more in the long run then any tax cut either one of them is proposeing, and which will be much harder to referse should the expectations the canidates have for revenue growth prove overly optomistic.) Tim