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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: kash johal who wrote (129628)	12/13/2000 3:57:07 PM
From: Joe NYC	Read Replies (1) \| Respond to of 1574372

Kash, I believe that GW is comitted to cutting cap gains. I don't think that's the case. I think he wants to cut the marginal tax rates, which I believe would cut the rate on short term capital gains as well (I am not sure here), but the long term capital gains are already fairly low. Joe

To: kash johal who wrote (129628)	12/13/2000 5:09:08 PM
From: TimF	Respond to of 1574372

2. Capital gains cut. I believe that GW is comitted to cutting cap gains. One reason folks keep holding stock is they dont want to pay tax on gains. Surely this will put huge sell pressure on the stock market. True but it also incourages investment in stocks because they will have a better after tax return. I think if GW was about to raise capital gains rates it might cause a sell off before the rate change takes effect. Tim