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

To: Kenneth E. Phillipps who wrote (177653)9/5/2001 9:56:04 AM
From: J.B.C.  Read Replies (2) | Respond to of 769667
 
Gephardt said in Iowa about a month and a half ago that when he get's the opportunity to raise taxes, it will be the right thing to do.

>>It was the Democrats who proposed the tax rebate. It was not part of the Bush proposal. <<

Dream about it Phil. Until Bush came along in 2000 the Democrats denied that cutting taxes would stimulate the economy. Then when Bush was elected they stated that Bush's tax cut would stimulate the economy too much. Huh, I thought they just said (last year) it wouldn't stimulate the economy at all. Now you guys want to take credit for the rebate, fine be my guest. But, here's what intelligent people could have done had there been no rebate with the tax cut, they could have reduced their withholdings, get it!

Jim



To: Kenneth E. Phillipps who wrote (177653)9/5/2001 10:19:21 AM
From: DMaA  Respond to of 769667
 
I don't expect much economic bang from the rebates. Their only value is that they reduced the accumulated over tax and thereby moderated somewhat the worst of democratic and moderate republican pork spending.

The real solid economic gains will come from the tax rate reductions that are phased in over the next few years. These are the rate reductions that the democrats want to scuttle - I.E. raising our taxes.


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