[churchillbuff]

Didn't W learn from Reagan that cutting the top rates helps the economy - - - and didn't he learn from his father that caving to the Dems on taxes can kill a presidency?

[churchillbuff]

W had better be careful. If the economy's in the tank this time next year, the GOP could lose the House - - - and Dems in control of that body for the last two years of his term could mean NO SECOND TERM. A lot of them, I'm confident, would love to find an excuse for impeachment payback - - - trump up a "scandal" and hold high-profile hearings on the Bush administration. Maybe even an excuse for an impeachment resolution. All of this sounds far-fetched now, with W's 90 percent rating - - but remember his dad had a similar high mark, a year or so before losing re-election.

[lowbridge]

House Democratic Whip David Bonior, running for governor of Michigan, pledged: ''We're going to fight like hell to make sure working people get their fair share.''

....of the government shaft.

[lowbridge]

As Abraham Lincoln once said (after Union troops kidnapped a Confederate Diplomat off of a British ship, then released him after protests by the British government): "One war at a time."

[Cicero]

The ideal outcome from the Dem point of view is that they get to reward the folks who vote for them (and pay no taxes) at the same time that the economy tanks. Then they can blame the disaster on Bush and collect a bunch of congressional seats in 2002.

It's one thing to be civilized, decent, and cooperative with people who give you the same consideration in return. It's another thing to give in to people who are in the habit of always taking and never giving.

No. Bush should do the right thing and not worry too much about the Democrats. If his poll numbers drop, they will stab him in the back anyway, first chance they get.

[Mulder]

If these guys are serious about fighting a "war that has no end", then they need the economic base to do so.

The best way to achieve that is by cutting the capital gains tax, reducing corporate taxes, and speeding up the tax cuts passed earlier this year.

[what's up]

Businesses are about to get a very large break with this bill which allows them to deduct all computers and such within the same year they are purchased. Previous to this and expense such as this had to be depreciated over time.

This will cause a large spending spree in the tech sector.

[jackbill]

I'm getting a bit disappointed with Novak. After seeing him diss the President on Crossfire the other night, I will take him with a grain of salt. While discussing limiting security briefings he agreed totally with Bill Press, that the President was wrong.

They both were under the mistaken impression that Bush was irritated about some Congresscritter telling the Wash. Post that there was a 100% chance of another attack. Neither Novak nor Press were aware that he was pi$$ed about something that the Post learned, and did not print.

As for capital gains rate changes, there may be two factors which lead the President to not push them.

1. How do you use them to immediately impact the economy? They wouldn't be effective in getting cash into the economy until April, 2002.

2. How much capital gain is out there? I know that I don't have much, if any, to speak of for my stock portfolio. I suspect that the economists have told the President that for now, capital gains are a dried up cow. The only people who could possibly gain would be owners of rental properties who would like to sell.

Did I not see (in a newspaper this morning) that the House has worked up a tax cut whick includes lowering the 27.5% bracket to 25% immediately?

Also, it removes capital gains taxes from corporations, which would free up investment money.

[wita]

I think the best single comment in the whole post was this: Whip David Bonnier.

To reduce the heat on Republicans afraid of democrats, I suggest joining a party that has neither name.

Comments on capital gains. Don't you enjoy having greedy crooks take "unearned income" of yours, when that money is only on paper and has never, and may never cross your palm, and under the present financial conditions, your remaining share may very well disappear into the ether.

The government however takes its share even after yours has disappeared into the ether, and you can bet, will sooner or later insure that you are beaten over the head with their share of your money. It's the kind of stuff that, should you attempt to explain it, you would be laughed to scorn, by anyone who was not already a victim of the system.

Have you given any thought what-so-ever, about what you pay capital gains taxes with. Why cash of course, and if you think capital gains are cash, you need some capital gains training. An example might be breaking up a partnership, by giving one partner the cash value of the business, and the other partner gets all the bills, and the inventory, which could end up being worthless, but on paper, is half the business.

Lastly the word (all) should have followed churchillbuff, but never showed up in the preview even with a semi-colon separating them, so these are addressed to all not just to you, and if by some strange reason an all does show up the the posted reply, than just ignore this Lastly. So now we find there is no such all, maybe I should try AWL, Nah.