Re: Postpone taxcuts.

[Scott Dredge <sdredge@yahoo.com>]

The answer to number 3 is that you're missing
the forest through the trees, aka the bigger
picture.  And the bigger picture is how tax
cuts affect the US economy.  I actually agreed
with the tax cuts when we were running record
surpluses and the government coffers were
ocverflowing.  The situation has changed dramatically
now and the tax cut plans should be revisited to
make sure that it is the proper thing to carry forward
as it related to the long term economic health of
the country.

I can see your individual point about how lower
taxes are allowing you to pay less tax.  Have you
considered the millions of people who have been
layed off in the past several months?  They're
also paying lower taxes because their income has
been severely reduced.  Do you think this type of
tax reduction for so many people is a good thing?

Fortunately, our system of government is self-
correcting and whichever party screws up in
major way while running the show, will pay a stiff
penalty at the polls for years afterward.  It 
took the Republicans 20 years to reclaim the White
House after the Great Depression.  And it was during
Nixon's administration that stock market had it's
worst drop in the early 1970s since the Great
Depression.  I'm much less impressed with the economic
policy forged by the GOP controlled White House
coupled with a Democratic Congress than I am with
a Democratic White House coupled with a GOP controlled
Congress.  If I'm not mistaken, the last president
to balance the budget before Bill Clinton did it
was Lyndon Johnson.  And a balanced budget is
something
that I feel is good fiscal policy for the nation as
opposed to a false "borrow and spend" type of Reagan
economy that racked up trillions of dollars in debt
during the 1980s that we're paying way to much
interest on even today and will be for many years to
come.

-Scott



--- WMSteed@aol.com wrote:
> 
> In a message dated 1/31/02 10:06:39 PM,
> mushroom@moscow.com writes:
> 
> << And only with George W. as president would we
> hear that not
> cutting taxes is the same as increasing taxes. >>
> 
> 1.  My taxes have been reduced by the tax cuts.  I
> will pay less taxes.
> 2.  Revoking the tax cut will have me paying more
> taxes, ie. "increasing 
> taxes."
> 3.  What am I missing?
> 
> Walter Steed
> 


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