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To: churchillbuff
Rather than collapsing, markets would be soaring if the establishment were considering serious economic reforms, such as reforming the tax code, slashing corporate income tax rates and capital gains tax rates, and allowing companies to deduct dividends paid to stockholders. We could also get serious about deregulating the remaining two huge overregulated bottlenecks in the American economy -- telecommunications and electric utilities.
The market has been going downhill ever since the inJustice Dept announced its jihad against Microsoft.

Say what you will, but with Kemp or Forbes at Treasury there would be a pro-growth, pro-freedom economic agenda afoot. The cheapest, fastest fix would be to set the capital gains tax rate to 10%. There is never any reason to have it even that high, but it's absurd to have it higher because it yields less rather than more revenue that way.


4 posted on 07/25/2002 11:41:45 AM PDT by conservatism_IS_compassion
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To: conservatism_IS_compassion
Say what you will, but with Kemp or Forbes at Treasury there would be a pro-growth, pro-freedom economic agenda afoot""""

REALLY GOOD POINT. WHEN W WAS ELECTED, I HOPED HE'D NAME FORBES AS TREASURY SECRETARY. INSTEAD WE GOT PAUL O'NOTHING

16 posted on 07/25/2002 12:50:11 PM PDT by churchillbuff
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To: conservatism_IS_compassion
Say what you will, but with Kemp or Forbes at Treasury there would be a pro-growth, pro-freedom economic agenda afoot""""

REALLY GOOD POINT. WHEN W WAS ELECTED, I HOPED HE'D NAME FORBES AS TREASURY SECRETARY. INSTEAD WE GOT PAUL O'NOTHING

17 posted on 07/25/2002 12:50:29 PM PDT by churchillbuff
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