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To: Logain Ablar who wrote (244088)	6/5/2003 12:09:31 PM
From: Box-By-The-Riviera™	Respond to of 436258

I would suggest it will have no stimulative effect and will be more than offset by state and local tax increases, rising health care costs, energy, tuition and other etc's. Like the last cut, this too has been eaten up by the lay away plan and only serves to deepen the gapping debt wound.

To: Logain Ablar who wrote (244088)	6/5/2003 12:45:19 PM
From: benwood	Respond to of 436258

I agree that the tax cut will be more than absorbed by local tax increases & other high inflationary increases. For example, my car tax in Seattle jumped by, oh, maybe 300% this year (voter imposed sure, but it's still an increase). That increase alone equals 1/2 my projected tax break for the year (mostly the kid tax break). My property tax increase will absorb all the rest. And that's all before my health care increases, fuel, and other increases. The big deflationary item I own -- PCs -- I don't need any more. My TV & stereo still works. Just waiting for a good DVD video recorder. And of the top 1 to 5% who get a nice chunk of change back, what will they do to "stimulate?" I can only assume that they will continue to stimulate the same growth that has been prevalent for the past several years -- overseas in Vietnam, China, Mexico, etc.