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Subject:  Re: Retirement question about the tax cuts Date:  5/2/2006  9:46 AM
Author:  OldOne Number:  10482 of 22090

But for those who will feel the pinch, are you going to do anything to mitigate it?

Of course we are going to try to mitigate it.

Several ways:

DW, who is younger, will work longer. We will shift investing priorities as you indicate. We will spend less, less travel, cars will have to last longer.

Somehow I suspect that the changes people collectively make will be worse for the economy than an "benefit" higher taxes bring. It is highly probably that tax revenues will fall, even though the rates are higher.

Of course this will cause liberals to increase taxes -- it is a matter of conviction for those folks.
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