Tax Cuts

Dear President Bush:

For a long-term effective tax cut, why not focus on reducing the price of oil, one of the great taxes on individuals and businesses?

I noticed on CNN's business website today that a commentator is asking FED Chairman Ben Bernanke to not drop interest rates. I couldn't disagree more. Another one of the greatest taxes on the American Consumer are high interest rates. Why continue to penalize those consumers with the highest propensity to consume with relatively high interest rates.

President Bush, it appears to me that the two best tax cuts that you could promote would be to reduce the taxing consequences on consumers from high oil prices and to reduce similar consequences on consumers from relatively high interest rates.