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Politics : Clinton's Scandals: Is this corruption the worst ever? -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (7637)	10/2/1998 12:05:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 13994

Yeah, I wasn't referring to that "measly" tax cut that is currently being floated. I'm talking about real tax reform, along the lines of Forbes recommendations for a flat tax. We're way past the stage of AG tinkering around the edges with rate cuts barely enough to make a dent in the yield curve. Rubin and Clinton tell the Japanese they need to slash taxes to get consumer spending going, I guess they think we need to be in as dire straits as Japan before they see the light for the US. bp

To: Les H who wrote (7637)	10/2/1998 12:16:00 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 13994

Not everybody in this country own real estate. Yeah, re-fi's are great if you're a property owner. Across the board tax cuts help everybody. In fact my son living in CA makes a 6 figure annual salary and he's currently "saving" to buy a home. A rate cut is not helping him, in fact it's hurting. Since he'll be needing his downpayment near term, just about the only safe "investment" vehicle is a money market or short term CD. A tax cut on the other hand puts the money in his pocket NOW and increases his net monthly paycheck. We need to take this window of opportunity we now have with low unemployment, otherwise if consumer confidence continues to fall, we'll start to see unemployment increasing thereby decreasing any surplus and any hope for real tax cuts. bp