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[Steven Champeon <schampeo AT hesketh.com>]

on Tue, May 20, 2003 at 04:47:02PM -0400, Beckett wrote:
> http://www.washingtonpost.com/wp-dyn/articles/A13113-2003May19.html
> 
> "Proponents of cutting tax rates on dividends argue that the move will
> stimulate the economy. A large amount of stimulus, of course, should
> already be on the way from the huge and growing deficit the government
> is now running. I have no strong views on whether more action on this
> front is warranted. But if it is, don't cut the taxes of people with
> huge portfolios of stocks held directly. (Small investors owning stock
> held through 401(k)s are already tax-favored.) Instead, give reductions
> to those who both need and will spend the money gained. Enact a Social
> Security tax "holiday" or give a flat-sum rebate to people with low
> incomes. Putting $1,000 in the pockets of 310,000 families with urgent
> needs is going to provide far more stimulus to the economy than putting
> the same $310 million in my pockets."

s/pinko/anti-supply-sider/

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