Tom
Nathan Newman wrote:
> Along with the benefits of the 1986 tax bill cited by CTJ, it also had the
> virtue of lowering the top rate enough (while increasing the income covered)
> that it was relatively easy politically to raise it again in 1990 and 1993 (with
> the higher rates in many ways more "real" than the phony rates in the 1970s when
> so many shelters proliferated). One large reason surpluses keep piling up in
> the treasury are those increases in the top rate that are raking off a chunk of
> the bonanza of the elite in the New Economy - which the cuts in the capital
> gains tax from 1996 are only reducing somewhat.
>
> As noted in CTJ, the 1986 tax bill is one of the best reasons to support Bradley
> since it did take legitimate political vision and courage to take on so many
> special interests at once.
>
> -- Nathan Newman
>
> > -----Original Message-----
> > From: owner-lbo-talk at lists.panix.com
> > [mailto:owner-lbo-talk at lists.panix.com]On Behalf Of Max B. Sawicky
> > Sent: Monday, January 17, 2000 1:12 PM
> > To: Lbo-Talk
> > Subject: Bradley and Tax Reform
> >
> >
> > Citizens for Tax Justice paper on Bradley
> > and '86 tax reform:
> >
> > http://www.ctj.org/html/tra0100.htm
> >