| BUSINESSWEEK ONLINE : MARCH 1, 1999 ISSUE | ||||||||
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| READERS REPORT
Why a 10% Tax Cut Is No Sure Bet There's more to the political support for a 10% across-the-board tax cut than just its distribution on the income spectrum (''A GOP tax cut: No sure winner,'' Economic Trends, Feb. 8). It's undeniable that those who earn the most pay the most to Uncle Sam--spectacularly so--and thus would benefit the most from an across-the-board cut. But all working Americans would get to keep more of their paychecks, and the resulting boost to economic growth would help keep this year's expected downturn from sinking into a global recession. The sooner we cut taxes, the more likely we are to keep expanding the economy and creating jobs at all levels, particularly the lower end. Meanwhile, peace and prosperity may have temporarily dulled Americans' outrage at the highest tax burden in history. But politicians know that everyone from the CEO to the janitor will look more closely at their pay stubs if the economy starts to sputter. Paul Huard National Association of Manufacturers Washington _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ BACK TO TOP |
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