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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (159309)1/30/2003 3:19:26 PM
From: American Spirit  Read Replies (1) | Respond to of 1583822
 
Bush's tax cut has no way of paying for itself except by draining the treasury and saddling future tax-payers with larger debts they either have to pay off or put on the national credit card. Tax cuts CAN create growth but they also DO create debt, unless you cut programs, and Bush seems to be for every program there is now, except environmental regulation and funding the IRS and SEC.



To: Tenchusatsu who wrote (159309)1/30/2003 7:51:39 PM
From: TimF  Respond to of 1583822
 
<He's also for a large one-time tax cut now which pays for itself and doesn't add to the deficit.>

One time (if by that you mean for one year or at least a defined limited period) tax cuts don't do much to pay for themselves. They have less effect on increasing economic growth then tax cuts that are considered permanent.

Tim


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