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

To: Kenneth E. Phillipps who wrote (289325)	8/22/2002 1:23:16 PM
From: Srexley	Respond to of 769670

"Why does Bush want to bail out wealthy investors?" Same reason the dems do. "Don’t expect Democrats to stand in the way" It's the right thing to do. Not sure if you are digging at the Prez, or just posting an article. But in case you don't know, you don't have to be that wealthy to have lost $20k in the market meltdown.

To: Kenneth E. Phillipps who wrote (289325)	8/22/2002 1:27:30 PM
From: Karen Lawrence	Respond to of 769670

“When taxpayers undertake risky investments, the government taxes fully any gain that they realize. … But the government allows only partial tax deduction (of up to $3,000 per year) if the venture goes sour and results in a loss.” In short, gains and losses should be treated equally, and gains should be untaxed." I agree that we should be able to write off the losses during the year in which they are incurred. $3,000 per year doesn't cut it. I also think, however, they should reinstate sales tax and consumer credit interest write offs.