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I believe tax revenue went up. Reagan's mistake was his spending went up
higher, possibly something to do with his Star War project. The reason tax
revenue goes up is that the population as more dollars to spend. Each time
that same dollar is spent. Who collects taxes each time it is turned over
from one business to another business.
----- Original Message -----
From: "BruceB" <bruceb@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Wednesday, November 22, 2000 10:36 PM
Subject: Re: [RT] Re: While the judges decide...on track
> Steve, in saying Bush would increase the deficit you're saying that his
tax
> cut would reduce the amount of tax revenue flowing into the Federal
> Treasury.
>
> Just out of curiosity, when the capital gains tax RATE was reduced a
couple
> of years ago, did capital gains tax REVENUE go up or down? When Ronald
> Reagan cut personal income tax RATES in the 80's, did tax REVENUE go up or
> down? When Kennedy cut RATES in the 60's, did tax REVENUE go up or down?
>
> Enquiring minds want to know.
>
> Bruce
>
> ----- Original Message -----
> From: "Steven W. Poser (psn)" <swp@xxxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxx>
>
>
> > I would not even begin to try and determine why bonds would rally or
fall
> > due to a Republican or Democrat being in office. Congress is part of the
> > equation as well, and I am not a student of our political history. If I
> were
> > a fundamental type, I'd be bearish bonds, because either Gore is going
to
> > move left of Clinton's centrist policies and start spending, or Bush
will
> > cut taxes and hugely increase the deficit. Both will increase Treasury
> > issuance (increase supply, lower prices).
> >
> > I agree with Ira in that the market will do what it will do, and I am
long
> > term bearish bonds still.
> >
> > As for the event comment, the single event and the market may say that
it
> > does not have a lasting affect, however, a chart does not show what may
> have
> > led up to the event and whether or not the so-called event instead was
the
> > result of something that had already been brewing and was priced into
the
> > market. Then, the so-called event might show a spike and then a
> continuation
> > of what had previously been happening.
> >
> > Was that unclear enuf? It is late. It is a holiday weekend. Happy Turkey
> Day
> > all. And remember, next time you vote, vote for Poser for President for
> > Life. Also, for Floridians, vote early, vote often and if you change
your
> > mind, sue.
> >
> > Steve
>
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxx
>
>
>
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