RE: Re: Re: Re: Re: Re: Re: Re: tax cuts

["Forstater, Mathew" <ForstaterM@xxxxxxxx>]

they aren't right, though. yes payroll taxes, but there is much more to the
story. first, size of the cut. dlc is way way too low. second they are obsessed
with debt reduction, which is ridiculous. i haven't looked at the biz week thing
yet, but the dlc piece i looked at is more of the same manure--"the republicans
are fiscally irresponsible"!

-----Original Message-----
From: Jim Devine [mailto:jdevine@xxxxxxxxxxxxxxx]
Sent: Thursday, February 22, 2001 12:16 PM
To: pen-l@xxxxxxxxxxxxxxxxxxx
>Subject: [PEN-L:8367] Re: Re: Re: Re: Re: Re: Re: tax cuts


Michael Pugliese wrote that cutting payroll taxes
>Seems like a good idea to me. I see by my paystubs that the bulk of the
>bite in my bracket is for payroll taxes. But, I don't like to agree with
>the DLC.

even Milton Friedman has been known to be right when the moon is blue. So
we can't presume that the DLC is wrong all the time.

It seems to me that the big down-side might be that cutting payroll taxes
might be used later as an excuse to cut Social Security benefits or
Medicare or both. But I'll let the Sainted Max and other illuminati give
their perspectives...

Jim Devine jdevine@xxxxxxx &  http://bellarmine.lmu.edu/~jdevine