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To: KeyWest
look all taxes are unfair IMO, but it is political suicide for the republicans to push to cut the inheritance tax (which only affects people with mult-million dollar estates) and the cap gains tax, which is mostly going to benefit the upper income tax player...especially when the gov't is already running several hundred billion dollar defecits, and states are all near bankruptcy....

Now argue all the economics all you want...republicans push this one thru and I predict we loose two of the following next election : senate majority, house majority and/or whitehouse.

Now knowing that it is completely political suicide, and will make for great campaign attacks by the democrats, and sure to be an issue that sticks with voters...I am pretty darn sure that is exactly what they will push for...read...aim...shoot yourself int he foot.

I for one would rather see the republicans majority to do some reall CUTTING of government waste while they control everything...a lot oeasier to argue for tax cuts when the gov't is running a surplus.

8 posted on 12/30/2002 3:59:41 AM PST by freeper12
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To: freeper12
We need to inform voters they too are "the rich."
10 posted on 12/30/2002 4:10:15 AM PST by Cincinatus' Wife
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To: freeper12
I disagree. Other than the Commies that actually read Globe editorials, nobody on the left cares about the dividend tax cut. Karl Rove would not be so stupid as to piss upwind.

And the best reason to cut this tax is that it will focus copmanies on delivering dividends instead of inflating their gross as Enron did. Artificially growing the valuation of a company is a tax distortion. We need to restore the right incentives. This will be good for everyone.
12 posted on 12/30/2002 4:26:07 AM PST by eno_
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To: freeper12
Cut tax rates -- particularly Cap Gains -- and the Gov't will be drowning in surplus.

Seems you are letting youself get bit by the class warfare bug. Either that or you do not fully understand or recognize the dynamic scoring presented by the most recent Cap Gains windfalls as measured by increased tax receipts to the gov't following the cuts of 1983 and 1997.

32 posted on 12/30/2002 9:31:06 AM PST by Agamemnon
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To: freeper12
inheritance tax (which only affects people with mult-million dollar estates)

You are so wrong about that. The inheritance tax is most cruel to family farmers or other family businesses like small shops and restaurants. It could be that the value of the land or business is over a million, but the heirs have no way of raising that amount to pay taxes.

Small business has always been the life-blood of our economy (about 85% work for small businesses) and this tax is draining that.

35 posted on 12/30/2002 5:59:15 PM PST by speekinout
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