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Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Jack Hartmann who wrote (650)	2/4/2004 10:25:49 AM
From: portage	Read Replies (2) \| Respond to of 81568

A certain amount of tax cutting is good. Especially that which helps the average American, and builds investment, particularly in small and entrepreneurial businesses. Kerry's got that message right. Both Reagan and Bush II proved that broad, excessive across the board tax cuts lead to damaging deficits. It provides short term stimulus and long term damage the way that they have implemented it. Trying to mostly or completely eliminate cap gains is a big mistake. It should be low enough to spur some investment, but not to aid an entire class of people in avoiding paying their share. Much of that money towards investment seems to now be going overseas, to be recycled as higher earnings from lower foreign wages, back into the pockets of the investor class at a lower taxed gain. Not much trickle down there. This isn't helping the middle to lower classes much, and whether articulated simply or not, will be a big background issue in this election. People are beginning to see that something's wrong. A certain group has come to dominate the hoard of capital in this country, through manipulation of government rules, lobbyists and cronyism, while many other average Americans go deeper in hock, and Greenspan prints endless new money on the backs of foreign treasury purchases to keep the merry go round turning. A bad long term recipe.