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

To: greenspirit who wrote (254951)	5/14/2002 4:38:42 PM
From: Mr. Whist	Read Replies (2) \| Respond to of 769670

Is there a 1-for-1 correlation? You tell me. What is the percentage? A nickel spike in personal income tax receipts for every dollar rebated to Big Business? Regardless, the main point is this: Several people on this board have called for ELIMINATION of all federal corporate income tax. Said corporate income tax provides the federal government with 10 percent of the money needed to run the country (assuming there's a balanced budget, and that's a big "if.") So how would this tax shortfall be made up? (Looks like we're going to spend $100 billion more than we take in in tax revenues this fiscal year.) The answer is to (a) retain the corporate income tax rates for the foreseeable future; (b) eliminate many tax loopholes; (c) tie most future tax breaks to job creation; (d) investigate the possibility of a corporate flat tax.