It looks like ubber-socialist, Schroeder is seeing the light that tax relief is the only way to grow the economy. Of course, the socialists at the NY Slimes think it is a bad idea.
1 posted on
06/30/2003 3:49:22 PM PDT by
anymouse
To: anymouse
What anymouse said-in spades !
I guess, if a quasi-socialist government cuts taxes to spur economic growth, that's a GOOD THING...
2 posted on
06/30/2003 4:38:36 PM PDT by
genefromjersey
(So little time - so many FLAMES to light !!)
To: anymouse
The proposed cut, which would reduce the top income tax rate from 48.5 per cent to 42 per cent... Just for comparison, the top income tax rate in Singapore is 22%, scheduled to drop to 20% next year. I do not intend to invest in Germany any time soon.
As for encouraging consumption, a better idea might be to allow the stores to stay open when people are able to shop. (By law, all major stores are closed from 4 pm on Saturday until 9 am Monday)
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