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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Franco Battista who wrote (54757)	10/28/2001 1:00:56 PM
From: Zeev Hed	Respond to of 70976

I am all for closing the loopholes and not tax dividends and thus reduce corporate buy backs that are a loophole. If that cause shortfall in revenues, I would also propose that interest on corporate loans not be deductible (the fact that they are is one reason that many balance sheet have excessive debt. I would have gone so far as to say, don't tax interest receipts, but that would create too much dislocations in the muni markets and cause a freeze of that market. Even if one were to adopt the changes I propose, it will be very important to scale these in over a period of at least 5 years, other wise, financial dislocations like the one that caused the blowing of the S&L is surely going to occur. Zeev