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Calpine Corp. Message Board

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  • MCROC43 MCROC43 Jan 7, 2003 10:10 AM Flag

    G.W.'s speech will probably make the

    Giving people a tax break is not spending money! Its our money. We pay too much taxes and any tax cut will help spur economic growth!!! No taxes on dividends will help spur stocks that make money for their stock holders.

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    • "Giving people a tax break is not spending money! Its our money. We pay too much taxes and any tax cut will help spur economic growth!!! No taxes on dividends will help spur stocks that make money for their stock holders. "

      Sorry. Tax free dividends will drive up the interest rates on bonds (including munis) to compete with the tax-free status of dividends (increased government bond rates will cost all of us more money, either now or later). When bond rates go up, banks will have to raise interest rates (including mortgage rates). Bond interest rates going up will also make it more difficult for companies who finance (and refinance) operations.....like, say, CPN. The increased cost of credit will slow growth in a weak economy. It is an insane policy.

      However, oil and tobacco executives will be able to make hundreds of millions of dollars via their options without paying ANY tax, so we know the Republicans are in favor of it....even if the policy hurts most Americans, slows the economy, and stifles technological innovation.

      WAR! RECESSION! TAX BREAKS FOR TOBACCO EXECUTIVES!!!

      VOTE REPUBLICAN!

 
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