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

To: greenspirit who wrote (280893)	7/27/2002 12:08:48 PM
From: Mr. Whist	Read Replies (1) \| Respond to of 769670

Your argument fails because you assume that if businesses ... particularly big businesses ... were allowed to keep more tax money, said money would be used for constructive purposes, e.g., expanding the business, hiring more workers, thus increasing the tax base in this country. That is not true. As we have seen the past five years, the only known effect of lowering corporate taxes is that the few at the top get richer. Meanwhile, company headquarters are relocated to Bermuda and company plants are relocated from Ohio to China. Again, so the few at the top can get richer ... in the name of "shareholder value." Hogwash. Far better to tie tax breaks to building plants in the U.S., increasing American jobs, etc. Wouldn't you agree? Re: tax rates: Perhaps tax rates were too high during the eight years of unparalleled peace and prosperity when Bill Clinton was in the White House, but same cannot be said now in view of the Bush-Cheney recession. (What did the Bible say about saving during seven years of plenty?) What's the current projection for the federal treasury shortfall next year ... $180 billion? Cutting taxes will only put a greater burden on our children to balance the federal budget down the road. Better to pay as we go instead of putting our debt on the federal MasterCard. Wouldn't you agree? Re: "When you come right down to it, companies don't really pay taxes, people do." Standard GOP spin-babble. Sounds good in theory, but it just ain't true. Large corporations need to pay more taxes, not less taxes.