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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Hope Praytochange who wrote (454314)9/7/2003 10:32:04 PM
From: Lizzie Tudor  Respond to of 769670
 
a strong global economy is great, it is certainly better than a contracting global economy. But the fact is, with the US tax structure the way it is, a regressive tax system targeted at the first 80K of earnings bearing the highest tax percentage- we cannot cover a deficit without jobs.

We either need to shift our tax burden to passive income like stocks, which do participate in global GDP advances, or cut the large social programs which are paid for with payroll taxes. Or both.