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

To: Logain Ablar who wrote (171976)	8/16/2001 3:11:17 PM
From: CYBERKEN	Respond to of 769667

Actually I disagree. It is based on (or better still, inspired by) the bracket change, but is actually a refund of 2000 taxes. The difference (subtle as it is) is that the tax tables for 2001 won't be altered to show a) A recapture of the refund, followed immediately by b) A lowering of the tax liability by an equal amount. Such a numerical nightmare is generally expected of our moronic Congress, but they managed to avoid it this time. The controversy over the rebate was around the perfectly legitimate argument that cuts in taxes on capital formation are more effecient. That is true, but the key here is defeating the world's last socialist holdouts-entrenched in Washington-so that the view that all tax cuts are productive and beneficial can, once again, prevail.