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Not necessarily. The revenue neutrality is just a budget rule, and they break it all the time. Even when it's followed, there's no necessary linkage between what's being reduced and what's being increased. One example is the electronic deposit of employment taxes, which was used to "pay for" part of the reduced tariffs resulting from NAFTA.

[Phil: this being the case I have two comments. (1) As usual we cannot trust Congress and (2) Then Congress and the President should come up with some type of ESTATE TAX REFORM RIGHT NOW NOT 10 YEARS FROM NOW...lets see after the elections if the R's keep the estate tax (oh I forgot "death tax") issue alive...IF NOT...then all of us will know that it was again politics at its "least effective." Statesmanship where are you! Are you there?]

William D. Brownlie, CLU, ChFC, CIP, LIA
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