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IP: More tax breaks for rich should be last on agenda
From: David Farber <dave () farber net>
Date: Wed, 26 Sep 2001 19:32:09 -0400
http://www0.mercurycenter.com/premium/business/docs/gillmor26.htm BY DAN GILLMOR Mercury News Technology ColumnistCongress is getting ready to pump serious short-term stimulus into the economy, reportedly $100 billion or more. The lawmakers should invest in our future. They should not solely encourage more of the spend-spend-spend American consumerism that has become the dangerously unsustainable linchpin of the global economy.
One of the worst ideas -- a capital-gains tax cut -- is predictably back on the agenda. Cutting rich people's taxes tends to be some zealots' solution to all societal woes. Is the budget deficit high? Cut rich people's taxes. Is there a big surplus? Cut rich people's taxes. Is terrorism threatening the economy? Cut rich people's taxes. Tornadoes, hurricanes and solar storms? Cut rich people's taxes
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- IP: More tax breaks for rich should be last on agenda David Farber (Sep 26)