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To: Jet.Screamer who wrote (158039)	10/17/2008 12:02:53 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

What percent of households are going to get a tax cut? Is this before or after the Bush tax cuts are added back in?

To: Jet.Screamer who wrote (158039)	10/17/2008 12:05:23 PM
From: John Koligman	Read Replies (1) \| Respond to of 306849

Federal tax rates were as high as in the 90%+ range in the 1950's, down to the 70%+ range when Kennedy cut them in the early 1960's, and then the 28%+ range under Reagan, (keep in mind somehow our economy seemed to do just fine in the 1950's with these 'confiscatory' <ggg> tax rates. Perhaps Phil Gramm would have still been around if he had changed his comments and directed them at 'the rich private equity 15% tax paying whiners'... Of course how could he do that with his cushy UBS banking job <ggg>... Regards, John