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To: michael97123 who wrote (12492)3/17/2001 10:03:28 PM
From: Roadkill  Read Replies (1) | Respond to of 17183
 
>>Bush tax is backloaded. What we need is less expansive(doesnt have to be ten years) front loaded version which incorporates lower rates a la bush phased in, reform of the death tax and NEW demand side, money in the pockets for the middle class. For example withholding rates should be cut by 10% today pending final version.<<

I, too, would like more meaningful tax relief than is currently being proposed, but Bush is stuck with what will get passed into law in a tight Senate. Already, four Republican Senators are talking aloud about breaking rank unless a "trigger" is installed. A revenue trigger would be fine, but a surplus trigger would simply give Congress a reason to spend our tax cut out of existence. I agree with Bill F. that the tight economy is giving the Democrats' opposition a little less force. Who wants to be on record as supporting a fillabuster when the economy is going down the tubes? Even the dems screeching about "targeted tax relief" -- don't get me started on this!:o) -- will have a hard time killing a tax bill if the economy looks bad.

OK. Rant over. Not targeted at you, of course. Just had to get that off my chest.

RK



To: michael97123 who wrote (12492)3/18/2001 6:19:41 AM
From: JDN  Read Replies (1) | Respond to of 17183
 
Dear M: Eliminate the Capital Gains tax and see what happens THEN. haha. Wont happen cause of the poor quality of people in Congress who have NO DAMN practical experience in business but THATS what should happen. In a risky environment people dont need to share ANY of their profits with the Govt. especially when your losses are extremely limited. So if you want to encourage capital investment, MAKE IT WORTH OUR WHILE to take the risk. JDN