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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Cary Salsberg who wrote (42846)	3/1/2001 7:48:09 AM
From: michael97123	Read Replies (1) \| Respond to of 70976

OTCary, How did the highest rate go from 28% in 1986 with the bipartisan tax cut that occurred in that year to 39.6% now? I would gladly continue to pay 39.6% rate if the boom had continued. High rates controlled the bubble somewhat as we went to surplus. But now we are in a different situation. No more boom and everyone talking bust. Lower marginal rates needed once again to promote growth. Bush has been careful to lower the rates on all brackets too. But the big winners in gross dollar terms are the ones you call the rich. Not all of us are millionaires or even close. Some of us may have seen the last of the big pay days as the dot com era ends. But having said all of that I would still want the demand side propped up with more breaks for the middle class to encourage spending. I would be willing to meet you half way on the highest bracket to 36% and reform not repeal death tax. Also would like to make payroll(fica) tax fully deductible for all. Too much knee jerking by liberals and conservatives on taxes. This is an important time and to rail against "trickle down" is missing the point. Mike