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

To: AK2004 who wrote (492531)	11/14/2003 12:45:15 PM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 769670

"$1.5 trillion and growing, what kind of historic norm is that?" >>> Wonder where that figure came from? It exceeds the calculated cost of the S&L bailout (which, counting interest, is likely @ or above $1 T. now). I find that unlikely. >>> The airlines were already in financial trouble. Surely you are not lumping every conceivable expense into this grab-bag? re: tax codes "can be improved, agreed" >>> That's an understatement! Why, an effective 'reform' (hate to use that term... because most 'reform' efforts have only succeeded in further complicating the tax codes, inserting more loopholes and 'special tax preference items'), could net a positive gain of $300 - $500 Billion just by lowering compliance costs. >>> The gains from eliminating tax-based, un-economic incentives are immeasurable... but likely fair exceed just the compliance cost savings.