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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: mt_mike who wrote (9221)	11/13/2002 5:15:46 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

accelerate the tax cuts and make them permanent what ScottStockFace and others might miss is that lower tax rates generate greater tax revenue !!! let me repeat that... LOWER TAX RATES GENERATE GREATER TAX REVENUE please, all Democrat economic illiterates, read that twice higher tax rates have been a contributing factor to sharp reduction in tax receipts as we slip into recession this entire issue goes to the heart of economics illiteracy in the USA, we have the highest corporate tax rate in the world this must stop, since it accentuates the high dollar valuation for all exporters they get hit with two handicaps versus competitors if you keep tax rates where they are, you are equivalently accepting a radically false premise that the govt can be more productive with your tax money than an individual or company would be not a chance what I wish would happen is a national economic thought forum discuss the paradox of tax rates and revenues despite several living examples, Democrats fail to learn the lesson over 40 years they actually believe the world remains static, and a tax collector bucket gets filled even more not how business and personal willingness to work operates with higher tax rates, people and businesses work less they risk future ventures less they pull in and discontinue more why is this lesson so hard to understand? would you pull in extra work if tax rate rose 10% ??? of course if not you, then certainly others but I would do more if in charge like..... - eliminate dividend double taxation - raise the annual taxable losses to $20k (from $3k) - plan on flat tax in 3 years (eliminating tax prep cost which serves as a hidden tax) - eliminate all tariffs on the books immediately - announce a 2% gold cover clause on the dollar (raise if necessary) - enforce CFTC laws on shorting more than world supply of given commodities - eliminate the Federal Reserve, replacing with free market / jim