Reply #8: Given the amount of consumer spending which... [View All]

[punpirate]

... goes onto credit cards, guess where all that tax goes--directly into more debt, more interest, more fees. I'll bet MBNA is just licking its corporate lips over this one.

And, since most corporations are exempt from paying sales taxes on resold items and materials, this also seems like yet another way to eliminate taxes on corporations (and on dividends and capital gains).

This is one of the ugliest ideas to come down the pike, and yet, the idiot followers of Bush will embrace it, thinking it's going to save them money, that Bush is doing them a favor by simplifying their lives.... :grr: