UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next
Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75793  
Subject: Re: An IRA Question Date: 10/23/2000 7:51 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Greetings, HamletsMill, and welcome. You asked:

<<That seems a rather broad conclusion. Under what factual basis do you draw it?

Sounds like the proposal, sound or not, has extremely broad bi-partisan support in Congress. >>


As I said, based on what I read in the media, the President has already indicated he may veto the proposal (that has gone from "will" to "may" because of the pending election). The proposal has insufficient support in the Congress to override that veto because the same Democrats who voted for the bill would not vote to override a veto. It's an election year, and many Democrats up for reelection wish to go on record as supporting a somewhat popular proposal prior to that election, but really don't care whether it passes because the nation still needs the tax money that will be lost if it does pass. The Democratic House and Senate leadership do not actively support the measure and really don't like it, so they can't be expected to entertain the notion again were they in the majority in a new Congress. The same goes for their candidate for the Presidency. If you've seen other indications, they certainly haven't made it into The Washington Post, Newsweek or Time that I've seen.

Regards..Pixy



Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (6) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Macro Economics

Smuggling Rice and Garlic
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement