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

To: Srexley who wrote (571445)	5/4/2004 10:57:15 AM
From: DuckTapeSunroof	Respond to of 769670

Scott, looks like you are the Big Fat Liberal here --- coming out as you have for graduated FDR-style tax rates, and keeping God knows how many unproductive 'special tax preference items' and special interest loopholes! Whereas I, on the other-hand, support a flat rate system, and a drastically lowered rate --- made possible by elimination of the majority of loopholes... keeping only the deduction for personal family home, and for charity. RE: WHAT ARE THE LOOPHOLES? I guess you want to keep the ones that benefit you. >>> You guess wrong! "I support an exception for a family home, and a charitable deduction" Re: You mean "loopholes" for charities and families? >>> Yes. "(minus all the loopholes - the rate will be far lower then the average rate now)." Re: WHAT LOOPHOLES? Mortgage deduction? >>> Perhaps you didn't read too clearly. I would KEEP the single family home mortgage deduction... but I'm fairly flexible about the conditions (for example: it's possible to merely cap the dollar value of the property against which the mortgage is issued, and allow two properties. My estimate is that somewhere between $750,000 and $2.5 million is where a cap could be appropriately set for the deduction.)