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2007-03-24 Home Front: Politix

Moderate Democrats push to extend tax cuts

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Posted by gorb 2007-03-24 06:37|| || Front Page|| [5 views since 2007-05-07] Top

#1 Frankly, I couldn't care less about the marriage and child credits. They don't help those who don't qualify.

Far more important are the taxes that will be raised: the top income rates, dividends, and capital gains. Those are what fueled the recovery from the Clinton recession and 9/11.

A couple weeks ago, several east Asians countries discussed doubling the CapGains tax. You saw the results in the markets. If the liberals have their way, ours would roughly double, too. You think that might be a cause for the market's recent problems?

Posted by Jackal">Jackal 2007-03-24 10:08|| http://home.earthlink.net/~sleepyjackal/index.html]">[http://home.earthlink.net/~sleepyjackal/index.html] 2007-03-24 10:08|| Front Page Top

#2 These past elections showed exactly what I had predicted as far as the cyclical nature of political parties in the US. That is, the democrat party is just in the opening stage of its recovery from hitting rock bottom.

This happens with the rise of the "moderate" democrats, who make alliances with the generally majority republicans for many years. By being on the winning side, the more "moderate" members of both parties hold sway for quite a long time.

Eventually, the republicans will then start to decline, along with a rising populism on the democrat side--them finally embracing issues that resonate with the public. But this is perhaps more than 20 or 30 years from now.

Posted by Anonymoose 2007-03-24 10:57|| 2007-03-24 10:57|| Front Page Top

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