Here's a White House Press Release about the Economy!
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SergeantPepper/ACT
Sep 23, 2008, 8:09:26 AM9/23/08
to American Citizens Together
"President Bush's proposal on dividends ameliorates the double-
taxation of corporate profits, ending the incentives in our tax code
#1 to over-leverage business, with the consequence of too much debt
and vulnerability to the business cycle, and #2 to over-rely on
accounting numbers rather than the pay-out of cash. His proposal on
expensing of capital expenditures will help invigorate our economic
recovery."
(Clifford F. Thies, Professor of Economics and Finance at Shenandoah
University, and member of the Board of Directors of the American
Association of Small Property Owners (AASPO))
Quoted from: [http://www.whitehouse.gov/ecom/ecomquotes.html]
What a joke!!
taxation of corporate profits, ending the incentives in our tax code
#1 to over-leverage business, with the consequence of too much debt
and vulnerability to the business cycle, and #2 to over-rely on
accounting numbers rather than the pay-out of cash. His proposal on
expensing of capital expenditures will help invigorate our economic
recovery."
(Clifford F. Thies, Professor of Economics and Finance at Shenandoah
University, and member of the Board of Directors of the American
Association of Small Property Owners (AASPO))
Quoted from: [http://www.whitehouse.gov/ecom/ecomquotes.html]
What a joke!!
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