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

To: greenspirit who wrote (149221)	5/28/2001 1:08:51 PM
From: E	Read Replies (1) \| Respond to of 769670

Any problems with this? Fine with you? <<<<Here's what they did: they made the tax bill fit within the budget resolution by assuming that the whole tax cut will expire at the end of 2010. That is, they simply waved their hands and made all the revenue that will actually be lost in the last year of the 10-year period — hundreds of billions of dollars — disappear from the accounting. One of my Capitol Hill contacts calls this "the miracle of the loaves and fishes." Need I point out that absolutely nobody who supports this tax bill thinks of it as a temporary measure, to be canceled at the end of nine years? This is white-collar crime, pure and simple.>>

To: greenspirit who wrote (149221)	5/28/2001 3:17:14 PM
From: CYBERKEN	Read Replies (1) \| Respond to of 769670

The 10-year surplus was projected at around 10 Trillion back in November, and was raised to 5.6 trillion afterwords. The tax cut will not stop it from rising again, and that will trigger another tax cut, or improvement of this one. Now, I agree that these projections are BS, no matter which side makes them. The only solid truth about economics is that cutting tax rates creates more revenue, and thus not only has a zero cost, but actually has a positive revenue effect. That truth is fought desperately by the liberals, because it gives the lie to their socialism. The moral imperative of giving back to the private sector that which is being stolen from them is the theme that Republicans need to defeat liberals in this decade...