Harvey Newstrom wrote:
>
> I have already heard sound-bites from Republicans about needing a Capital
> Gains Tax and further tax rebates to respond to the terrorist attacks. They
> also have said that this might tip us into a recession, and that we might
> have to dip into Social Security funds to keep the government running. All
> of the things that were planned before the attack are now being blamed on
> the attack.
Actually, the rationale for the Capital Gains Tax is to INCREASE tax
revinues by stimulating more market activity. They also, you didn't
mention, want to couple this with a rise in the minimum wage since the
past several increases in the minimum wage have proven to be
non-inflationary in impact. The Democrats are all for this, though a
side effect of this will be that more small businesses will be forced to
employ prisoners, who are not subject to minimum wage protections.
This archive was generated by hypermail 2b30 : Fri Oct 12 2001 - 14:40:52 MDT