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Politics : DON'T START THE WAR -- Ignore unavailable to you. Want to Upgrade?

To: Doug R who wrote (20705)	3/14/2003 9:40:56 AM
From: Art Bechhoefer	Read Replies (2) \| Respond to of 25898

>>the economy would grow by 3.3 percent in 2003 if the President’s tax proposals were adopted<< The reference to an economic study may be to one done recently by The Heritage Foundation, a conservative think tank, whose economists are decidedly below the level of "blue chip," or whatever that may mean. Even though some studies suggest that lower taxes can provide an economic stimulus, no studies show that the kind of tax reductions favored by the administration would have the desired immediate effect, and in the long term, not even the desired effect then. The Economist, one of the more conservative journals that is widely read even by more liberal people, finds little benefit in the proposed cuts, and even in the proposed elimination of the tax on dividends. The Economist favors cutting corporate income taxes as a better, more effective way of reducing the double taxation of dividends. The agenda of the administration, therefore, must be seen for what it is--a long term effort to cut government services, supported by tax breaks that benefit mainly the rich. Art