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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: chomolungma who wrote (70403)	6/5/2003 10:06:58 AM
From: Fred Levine	Read Replies (1) \| Respond to of 70976

Cho-- Once again we're in agreement. My fear is that investors will clamor for dividends and pressure companies to distribute their profits rather than invest them in capex. I would prefer a reduction of corporate taxes and/or accelerated depreciation. That would encourage investment. fred

To: chomolungma who wrote (70403)	6/5/2003 10:06:58 AM
From: Fred Levine	Read Replies (1) \| Respond to of 70976

Cho-- Once again we're in agreement. My fear is that investors will clamor for dividends and pressure companies to distribute their profits rather than invest them in capex. I would prefer a reduction of corporate taxes and/or accelerated depreciation. That would encourage investment. fred

To: chomolungma who wrote (70403)	6/5/2003 10:17:05 AM
From: BWAC	Read Replies (2) \| Respond to of 70976

<cuts taxes about $200 billion over the next 19 months. This is great, but only a portion of it will go to those who'll likely spend it. A better approach would have been to keep some sort of ongoing rebate program until this recovery reached the point where it was self-sustaining.> Where do you draw the line? I mean should we give rebates over and beyond the taxes paid by low income families. Together with all the other financial welfare assistance they receive? I swear I have a neighbor with 6 kids, working a $18 an hour job, living like a king cause he gets so much assistance. I mean he's probably never paid a dime in tax in his life. Should we be rebating the tax I pay to fund his family finances? Is the Medicaid and Food Stamps he receives not enough already? Must I pay in his share of income tax plus some more so he can get a rebate too? One of the basic facts of Income tax is that those with larger incomes pay the tax. Those with lesser incomes don't. That fact existed long before Bush and his grand schemes. And it is a poor scheme btw. The best way to create jobs and increase tax revenue would probably be to make life real easy on small business owners. Decrease their regulation and red tape paperwork and regulatory loads. Increase their incentives to hire. Instead all the perks are headed to multinational conglomerates dealing in oil.