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

To: Srexley who wrote (129634)	2/28/2001 12:05:03 PM
From: username	Respond to of 769667

Because she is young, single, does not want to pay any taxes, and thinks if the government rewards her for not working, she can slow down, relax and have a good time and everything will be fine.

To: Srexley who wrote (129634)	2/28/2001 12:20:23 PM
From: Nadine Carroll	Read Replies (3) \| Respond to of 769667

scott, The tax cut is now being sold as a Keynesian device to restart the slowing economy. Arguments for progressivity aside (& we all know that in real life, employees have a much harder time shielding income from taxation than the owners of businesses or capital), if you want to jump-start the economy then you should target the tax cuts towards people who will immediately spend the money, not just stick it in the bank. Whatever our economy has been short of lately, it hasn't been investment capital or credit. Personally, I think we are just seeing the unwinding of a massive credit bubble, and neither rate cuts nor tax cuts will prevent it. It will just increase the income and net worth inequalities in this country, which have been growing for 20 years and vastly outweigh those in any other industrialized country. I think that they are becoming harmful to this country; it does not benefit you in the long run to destroy large sections of your middle class.