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

To: puborectalis who wrote (177824)9/5/2001 4:55:12 PM
From: puborectalis  Respond to of 769667
 
The capital gains tax raised about $118 billion in revenue last year, which was about 12 percent of the total individual income tax receipts for the federal government. ...........NOT THIS YEAR.



To: puborectalis who wrote (177824)9/5/2001 4:57:50 PM
From: American Spirit  Read Replies (1) | Respond to of 769667
 
The government will receive very few capital gains taxes this year. That alone is a big budget buster. In fact most investors will have big tax losses. Bush promising not to touch the SS surplus puts him in the same position his father was in with "read my lips". And those future tax cuts of Bush's are never going to happen unless we have a nice recovery which I doubt we will.


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