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Reply #70: I've got one major problem with your post . . . [View All]

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NavajoRug Donating Member (330 posts) Send PM | Profile | Ignore Thu Dec-11-03 08:01 PM
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70. I've got one major problem with your post . . .
"I took a look at my IRA today and see it sitting at a three year high. I admit, for a moment, I felt a moment of glee, then I remembered who this is REALLY helping, big corporations, Bush's supporters, and the sheep who think he really did anything to boost the economy."

Regardless of who this is "REALLY" helping, it looks like it is helping you, too. And me, and a whole lot of other people here on this board.

Believe me -- it pains me to admit this, but there actually WAS one crucial part of the "Bush tax cut" that has helped here: the reduction in tax rates on dividends from the recipient's income tax rate to the lower capital gains tax rate.

This should come as no surprise to folks from the Clinton economic team, because this is simply a variation of what drove the stock market to record levels in the late 1990s.
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