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

To: Skywatcher who wrote (190877)	10/10/2001 8:58:43 PM
From: Jagfan	Respond to of 769670

Don't agree with your corporations have enough tax benefits statement. Government taxes corporations a ridiculous amount. As an owner of a small business corporation I can tell you the main reason 75% go out of business in the first three years is probably due to taxes. when you consider not just the income tax, but the payroll taxes of social security, medicare, and unemployment tax most businesses don't get a "tax break."

To: Skywatcher who wrote (190877)	10/10/2001 9:19:18 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

Two points: 1) Actually they've ALREADY stepped in (they BLOCKED the Delta merger). Now, they want to spend billions of taxpayer-paid money to bail out the very industry they just prevented from consolidating on it's own this August! Idiotic! They are working at cross-purposes. 2) Airline bankruptcies wouldn't stop the American public from flying... nor would it eliminate the industry. The routes are still valuable, the planes still valuable, SOME airline would fly them (and make money in the process). The USA is not going to return to horse-and-buggy travel! The only losers in a bankruptcy would be airline share holders (and that's what investing is all about) and, temporarily (until they are hired by the winning airlines), some employees. The long term winners are a stronger airline industry (able to stand on it's own feet), and the American public. In a bailout, only the taxpayers lose.