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

To: Justin C who wrote (315234)	11/6/2002 10:33:13 AM
From: David Lawrence	Respond to of 769670

I see little to no chance of a national sales tax, other the the current type of excise taxes we see on tobacco and gasoline. A flat income tax just became a real possibility, with an exemption for the first $x. I should point out a problem with the flat tax; it will play havoc with the tax-exempt bond markets, and severely compromise the ability of states, cities and local municipalities to finance capital projects. I'm not sure what the answer is.