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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (14706)12/19/2001 7:28:59 PM
From: Canuck Dave  Respond to of 99280
 
There is precedent for this stimulus package.

Back in the 1920's under the Coolidge administration, Andrew Mellon, Secretary of the Treasury, returned all the corporate taxes that the US government had collected to pay for the First World War. The result was a very roaring 20's and a deficit ridden government when things turned sour in you-know-when.

Can't happen again. No way Kudlow reminds me of Mellon....

CD



To: mishedlo who wrote (14706)12/19/2001 8:22:09 PM
From: Logain Ablar  Respond to of 99280
 
The Congressional version had the elimination of the AMT and allowed carry back credits. In compromise it was reduced to adjusting the depreciation component of AMT and no carry backs. Since the package is now dead one side is indicating the original was the reason but forget to mention it had already been conceded in compromise.

Since this is a non political thread I'll let you research who did what and who is stretching the truth.


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