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To: Bigtigermike

Let see:

1. She won’t favor parts of the first proposal as she would want to encourage home ownership not further harm the housing market. Additionally people have relied on the mortgage interest deduction and purchased houses based on it. The public would not like such a change.

2. Two can not happen until Obama care is repealed. One of the fundamental objections to Obama care is that it is telling an aging population they can not spend their money to prolong their lives. Before government spending is capped for health, the government must become much less involved in the health care system. As for social security, again people have made decisions based on its existence and would not want it capped. A more likely reform would be to index the retirement age to life expectancy.

3. Possibly Obama care will be repealed at least in part. Again a fragile housing market means that Fannie Mae and Freddie Mac will not be phase out in 3 year, but they may well be reformed. I suspect that Dodd-Frank would not be completely repleaded but changed maybe changed dramatically to deal with Fannie Mae and Freddie Mac and the government role in the housing bubble.

So I think a more modest and reasonable set of goals for the first 100 days are:

1. A cut in income tax rates at least back to the Bush levels. A cut in the capital gain rate would also be a plus.

2. Privatizing any formerly private corporations the government still owns.

3. Finish building the fence on the southern border.

4. Changing if not completely repealing Obama Care.

5. Openning up more US territory and governmental lands for oil exploration.


8 posted on 07/05/2010 9:05:47 PM PDT by JLS (Democrats: People who won't even let you enjoy an unseasonably warm winter day.)
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To: JLS

I suggest a tax overhaul with the 1st $10,000 taxed at 10%, next 40K at 15 %, and over 50K at 25-28%, repeal death tax, 0 capital gains tax, restore tobacco tax to more sensible level or eliminate, possibily reconsidering this one after a time. Ho Hum, got up too early. From Seward to Sarah, good day.


20 posted on 07/06/2010 4:07:00 AM PDT by Waco (From Seward to Sarah)
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