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Politics : The Next President 2008 -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (2189)	1/31/2008 11:05:37 PM
From: Hope Praytochange	Read Replies (1) \| Respond to of 3215

Obama and $1 trillion Obama said there are $1 trillion in tax loopholes. This is a wildly inflated figure. The annual gross domestic product of the United States is about $13 trillion--and the annual tax revenue collected by the United States is about $1.6 trillion. Obama may have been talking about a figure of tax loopholes over a period of time--say, a decade--but that's also a stretch. Rep. Charles Rangel (D-NY), the chairman of the Ways and Means Committee, is looking for $1 trillion over 10 years in tax offsets for a comprehensive tax bill, but loopholes are not going to cover that gap. Politicians often promise to save money by closing tax loopholes, but the actual savings are usually much less than advertised. blog.washingtonpost.com

To: RMF who wrote (2189)	1/31/2008 11:06:27 PM
From: Hope Praytochange	Read Replies (2) \| Respond to of 3215

Drivers licenses for immigrants The subject that tripped up Clinton and Obama returns! Clinton misquoted herself from the Philadelphia debate on drivers licenses. She said tonight that she tried to support Governor Eliot Spitzer of New York in his plan to allow illegal immigrants to have drivers' licenses, "although I didn't agree with it personally." But that was not how she put it when the subject came up in the Democratic debate in Philadelphia at the end of October. She said then that plan "made a lot of sense," but refused to take a position on it one way or the other. On November 1, her campaign put out the following statement: "Senator Clinton supports governors like Governor Spitzer who believe they need such a measure to deal with the crisis caused by this administration's failure to pass comprehensive immigration reform." No word on her being against the idea personally.