To: ARCADIA
You will have more money to spend/invest as you see fit. That's how it helps the US economy. Not by much, though.
4 posted on
01/29/2003 9:40:04 PM PST by
billybudd
To: billybudd
Job creation would be about zip. unless we can encourage the world's investor class to relocate to the US and create a new housing boom. Unfortunately that leaves us with an economy on par with a bannana republic. It would be interesting to see what kills us first; the ever growing trade deficit, or the mounting national debt.
It would make more sense if we waived corporate taxes but kept the dividend tax; or better yet, just accelerate the depreciation schedule for capital investments made within our border. It would still be a tax cut; but one targeted to actually grow the taxable revenue base on an ongoing basis.
6 posted on
01/29/2003 11:17:38 PM PST by
ARCADIA
(Abuse of power comes as no surprise)
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