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To: Logos124
The major downside (and the reason it never passes) is that it takes away congress' capability to control your behavior. Want people to own rather than rent?...mortgage interest deduction...want people to drive smaller more efficient cars?...give em a tax credit, on and on.

The way that I think of government is that they are good at national defense and building roads. Everything else they screw up, especially education, social security, and health care. Just realize that whatever money they suck out of us WILL be wasted and spent inefficeintly.

Final thought. I caught the statement about giving some kind of break to low income people. One could argue that corporations will also realize a tax break and pass it along to consumers in the form of lower prices.

8 posted on 03/31/2005 4:59:25 AM PST by Cicero5
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To: Cicero5
I caught the statement about giving some kind of break to low income people.

Huh? The consumption allowance is available to everyone, regardless of income.
Bill Gates & Warren Buffett would get it if they filed for it.

100 posted on 03/31/2005 12:54:49 PM PST by dread78645 (Sarcasm tags are for wusses.)
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