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In brief comments to reporters Monday, Bush dismissed that criticism. It is a plan that recognizes when somebody has more of their own money, they are likely to spend it, which creates more jobs. Leaving those considerations aside, here is a very simple illustration of how the proposal might work. We consider this approach to be flawed in two ways. Fleischer said tax cuts should go to people who pay the bulk of the taxes. The Economist, The Independent, and the Financial Times. To skirt these weak points, an economic excuse was thought to be needed.
If this occurs, some of the estate planning techniques that top executives have used – for example, benefit swaps – would disappear. Will it fix the sluggishness of today's economy? Probably not. The change will have both a direct and indirect impact. The Administration’s proposal hasn’t yet been formalized in the detailed language of a bill to be introduced in Congress.
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