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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (181235)1/21/2004 12:29:51 PM
From: Road Walker  Read Replies (1) | Respond to of 1575773
 
Ten,

re: without an economy

We have an economy. What I assumed you meant was trying to micro manage the economy with tax cuts/increases. I think the political situation is such that by the time you get tax cuts passed through Congress and implemented to taxpayers, then the recession that generated the need will probably be close to over. The Fed is better positioned to manage the business cycle. (Greenspan agrees with this).

Then you have the mismanagement by political wars, as is evidenced now with Bush trying to make permament the tax cuts that were designed for stimulus.

I suppose in a drastic situation, then tax policy might be a good tool for managing the economy.

MHO,

John



To: Tenchusatsu who wrote (181235)1/21/2004 6:25:44 PM
From: tejek  Read Replies (1) | Respond to of 1575773
 
I don't see why the economy shouldn't be a consideration in how much people should be taxed.

Without a balanced budget, we will not have low interest rates for long. What do you think that will do to the current economic expansion?

ted


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