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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 (3262)10/20/2000 2:24:58 PM
From: American Spirit  Read Replies (1) | Respond to of 10042
 
All I could find doing a search was that Clint Stretch has written several articles critical of Clinton. His pet peeve, he wants bigger tax breaks for corporations. My cousin is a top executive for Deloitte and Touche and is a born-again conservative. I don't know if that means anything. Just all I could find. Gore proposes $10,000 a year tax break for college. Whether some of it's already there I can't find but if it's already three I'm glad it is. As for Bush, if he's for this kind of help why does he never mention it? Certainly not a priority of his.



To: American Spirit who wrote (3262)10/20/2000 2:25:23 PM
From: Scarecrow  Read Replies (1) | Respond to of 10042
 
A.merican S.uper S.pirit --

Your post about college deductions is confusing and biased at best.

THAT'S ALL YOU CAN SAY? What a laugh. Earlier, when you didn't know the facts, this would have been a very serious matter. Now that the facts are shoved down your throat? Errr. change the topic. Yeah! Your intellect holds as much weight as wet toilet paper.

That has to be the weakest response to a nose-drubbing we've seen yet. These are accounting rules set forth by the government -- they aren't "opinions."

The meritless (and I hate to use this word) "defense" you post is acquiescence enough. I trust you now share the outrage that conservatives raised as Gore keeps spouting about a $10K "tax deduction" that only gives $800 to ONE student per MIDDLE-CLASS (as defined by Albert himself) family.



To: American Spirit who wrote (3262)10/20/2000 3:51:32 PM
From: Rambi  Read Replies (1) | Respond to of 10042
 
AS,

I'm unclear what you think Gore is offering when you say 10000 tax break. The maximum break offered would be a 28% deduction of up to 10K of college tuition per family, which at most is a 2800 tax break.

There is already an existing tax deduction called the LIfetime Learning Credit. This is a 20% deduction on the first 5,000 spent on education costs per family per year(or a tax break of 1000 per year). After 2002, the amount will increase to 10,000( or a maximum break of 2000)
Taxpayers with modified adjusted gross income over $50,000 ($100,000 for married taxpayers filing jointly) may not claim a Lifetime Learning Credit.

AL Gore promises a deduction of up to 28% of 10000 (or 2800) per family (not child) for the ELIGIBLE families.

Thus his increase at best offers only 800.00 more than already allowed under the existing Lifetime Learning Credit in 2002.

This has been covered repeatedly in the news.