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

To: Lizzie Tudor who wrote (455533)	9/9/2003 4:09:19 PM
From: PROLIFE	Respond to of 769670

overlooking the fact that GWB will be re-elected, you say, First thing, cut the visas I'd say...what gives you any inkling of a notion that the Democrats would cut visas?

To: Lizzie Tudor who wrote (455533)	9/9/2003 4:13:12 PM
From: Bill	Read Replies (1) \| Respond to of 769670

You are referring to revenue, not deficits. Yes, I will bet that between increased corporate taxes, capital reinvestment, business expansion and taxes on increased dividends (offsetting the recent dividend tax cut), federal tax receipts will go up. Those were the conclusions of the McKinsey study and I see no reason to disagree.

To: Lizzie Tudor who wrote (455533)	9/9/2003 5:13:24 PM
From: k.ramesh	Read Replies (1) \| Respond to of 769670

I commend you on trying to stick to one issue but: Corporate America is involved in a far larger game of trying to increase the size of the pie. The Indian currency is undervalued from an Individual's point of view $20K/yr = Rs 920,000 can buy a good life with a car house etc. But even the Indian educated labor pool is not bottomless. Nor will the rest of the population stand by and watch the upper middle class get by with subsidized education at the expense of other sector's of the economy. Costs will rise for the offshored jobs, due to both currency adjustments and other growth opportunities for the workers, and withdrawal of preferential treatment for the industry. As the size of the Indian GDP rises (currently at 5-6%), markets for Insurance and finance,retailing,American branded goods will open up for US corps. India is already probably a 1 trillion atleast in PPP$ but is considered around 500B GDP in US dollars. (rough estimates) 2. Companies like Oracle use the lower cost of development to get at the global market including Europe and Japan. 3. The H1B visa folks probably contributed more to the US economy, as say on a 60K salary at least 40% came back in taxes ,healthcare,SS,sales tax,use of services etc. 4.Safe Jobs in the US are probably in healthcare,education,police etc. but these are secondary jobs supported by the 'industry' jobs and will face pressures if offshoring continues. 5. Nursing jobs are going abegging in the US, with huge shortages predicted. The crux maybe that America spends too little on HR development, treating it as an individual's responsibility. a 75K job is great, but is really only probably 50K because you have to pay for your own college education which is peanuts in many other countries. 6. Protected industries like education and Healthcare are too bloated in the US with little relation between input prices and output delivered, but ofcourse Americans are to much into hyperbole of best healthcare in the world and best education in the world to open their eyes and see that maybe 80% of the quality is delivered elsewhere at 25% of the cost. 7. Where do you draw the line between efficiency at the public level and profligacy at the individual level. I mean a company using a Taurus is efficient, but an individual in a BMW is just enjoying his success. Look around for 'efficiencies' Other countries are more energy efficient,resource efficient. America has a huge number of single households - waste or freedom?. Other countries take care of childcare and senior care with family networks, is that efficient or is it poverty? Naturally offshoring to these countries means less of the 'burdens' associated with a US job, no car payment,no SS,no childcare,legal expenses etc. 8. The playing field will not be easy to level and govt intervention will not come without shedding some idealogical baggage.