http://www.nasdaq.com/asp/quotes_news.asp?textpath=20040617\ACQDJON200406171450DOWJONESDJONLINE000923.htm&cdtime=06%2f17%2f2004%20+2%3a50PMIf it passes the Senate and "our hero" signs off on it, save those receipts from shopping! It will come in handy in 2004 and 2005!
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Texas does NOT have an income tax, therefore this will be a BIG WINDFALL for us Texans! I wonder if they will allow home purchases and auto purchases to count? That's a LOT of money to be shaving from our already record deficits.
IMO though, this whole bill is bogus and never should have been considered. I wish I had 5.25% tax rate for funds earned from a corp. in Mexico or elsewhere. This bill will NOT create American jobs, but encourage companies to do business and employment elsewhere. My guess is China or Taiwan or India.