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To: Robert Salasidis who wrote (172534)1/17/2003 8:40:50 PM
From: J_F_Shepard  Read Replies (2) | Respond to of 186894
 
"Cut taxes both at the corporate and personal level, eliminate any investment and capital gains taxes,"

We've been hearing the tax cut solution so often the last 2 years I now wonder if repub's want to pay any taxes at all. Just exactly what do we cut in the budget to make up for all the tax cuts repub's want. Don't get me wrong, I'll benefit more than most from the proposed cuts, but I just don't see where such can be made....the repubs certainly won't go for defense cuts which is, I think, the biggest item. And they wouldn't dare cut Medicare. So what's left... How are we going to pay for the war....with another tax cut???? ;-)

As for cutting corporate taxes, it's been written that corp's only pay taxes if they want to....what with all the loop holes. You of course know that the tax free dividends are linked to taxes that corp's do pay....



To: Robert Salasidis who wrote (172534)1/20/2003 8:32:37 AM
From: Dan3  Respond to of 186894
 
Re: I don't think there is anything government can do to help the economy in the very short term

Changes in the payroll taxes have an instant effect, since many payers of those taxes live paycheck to paycheck. A 6 month "tax holiday" for payroll taxes would have a profound and immediate stimulative effect.

The only problem is that there would be an increase in the deficit, despite the supposed current surplus in that fund, since much of the payroll tax is collected under the guise of supporting social security and medicare and then "loaned" to the general fund to support things like defense.