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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Brumar89 who wrote (218636)	2/15/2007 1:52:13 PM
From: michael97123	Read Replies (2) \| Respond to of 281500

"Frankly I think every American who votes Democratic is voting against themselves. Including economically." You are right that the democrats do not offer anything positive on the economy. The only ones who come close are the Reagan lite crowd led by Bob Rubin. Clinton was a closet reaganite on taxes and spending with some interesting rhetoric. The problem i have with you more doctrinaire folks is that for the most part there is no compromsie. Kate and I can compromise on and indexed death tax, a small rise in cap gains, and even a one point adjustment on top rates in order if nothing else to pay for this goddamn war.

To: Brumar89 who wrote (218636)	2/15/2007 3:18:43 PM
From: GST	Read Replies (2) \| Respond to of 281500

<every American who votes Democratic is voting against themselves> There is no free lunch -- despite the pretense of 'tax cuts' there is now no fiscal responsibility among Republicans whatsoever. Bush has racked up trillions in government debt -- congratulations to him if the mission is to saddle us with crushing public debts. Shame on him if his mission was to take responsibility for prudent fiscal management of public finances.

To: Brumar89 who wrote (218636)	2/15/2007 3:36:30 PM
From: Katelew	Read Replies (1) \| Respond to of 281500

Brumar, the only thing stopping the R's from eliminating the AMT is the cost to the treasury. This admin. or its surrogates are on record in stating this. Maybe you remember when the R's first began to float the idea of eliminating or modifying the home mortgage interest deduction?? Much of the discussion was in the context of using the increased revenues this would generate to offset the loss of AMT revenues. The R's know govt. revenues have to be increased. Panels have been formed which are looking at the whole range of deductions and tax credits for individuals. I don't know if they are looking at the same for businesses. Eliminating mortgage interest deductions completely would raise approx. 150 billion for the treasury, so this is a biggy. Some of the capping proposals would raise 70 billion and would hit the 'richer' classes harder and tend to spare the mid and lower classes. The problem with either is the dislocation to the economy and the likely blowback. For one, it would cause real estate values to drop, esp. at the high end. This is deflationary and would ripple thru the economy as many people borrow against homes and use them as collateral. And it would reduce the ability of first time home buyers to enter the market. My home is paid for so it wouldn't directly impact me. But I would oppose it for the dislocation to the economy and because I don't want to see the value of my real estate drop. This is what I mean by voting for your own self-interest, but I know you see that so please don't think I'm being condescending.