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Article #975Re: Income tax repealed....maybe...
From: Keith
Date: Mon, 01 Jul 1996 00:00
Date: Mon, 01 Jul 1996 00:00
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2148 bytes
When capital gains tax was increased by the Democratic congress and passed by the niave George Bush, recession settled in as capital ventures failed due to budgets that did not factor in tax increases and banks supporting these ventures failed, Finally we get on the road to recovery as gasoline taxes start to take effect. Thank goodness for the Republican Congress, these taxes are being repelled. >>The reality is that although we did have decent growth during this period, >>government reciepts, adjusted for inflation, did not keep up with the tax >>cut. Sure there was a spike when the capitals gains tax was cut, but it >>is a transitory effect. Could it be because they were spending more? Aren't growth surges in the private economy due to tax cuts better than recessionary surges caused by tax increases? Am I missing something complex, or is it really this elementary.
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 10e1e4,7bc10164a3063e56 X-Google-Attributes: gid10e1e4,public X-Google-Thread: 1130cb,7bc10164a3063e56 X-Google-Attributes: gid1130cb,public X-Google-Thread: 10fef2,7bc10164a3063e56 X-Google-Attributes: gid10fef2,public X-Google-Thread: 116100,7bc10164a3063e56 X-Google-Attributes: gid116100,public X-Google-Thread: 10e835,7bc10164a3063e56 X-Google-Attributes: gid10e835,public X-Google-Thread: 106a7c,7bc10164a3063e56 X-Google-Attributes: gid106a7c,public X-Google-Thread: fa15f,7bc10164a3063e56 X-Google-Attributes: gidfa15f,public From: cabernet@mindspring.com (Keith) Subject: Re: Income tax repealed....maybe... Date: 1996/07/01 Message-ID: <4r7bg9$1tna@mule2.mindspring.com> X-Deja-AN: 163023939 references: <4q7sk1$ug@nntpa.cb.lucent.com> <4q8v47$7n7@gaia.cc.gatech.edu> <4q92dh$3o6@Mercury.mcs.com> <4qafdq$qbc@mule1.mindspring.com> <vc7k9x3ks1c.fsf@jupiter.cs.uml.edu> <4qbkot$cls@mule2.mindspring.com> <4qhjhg$t1g@mule2.mindspring.com> <1996Jun24.210620.27180@schbbs.mot.com> <4qnh57$ih2@mule1.mindspring.com> organization: MindSpring Enterprises newsgroups: oh.general,ne.general,atl.general,chi.general,ga.general,in.general,ne.nearnet.general