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To: presidio9

Thomas Sowell frequently cites 4 presidents who lowered tax rates which resulted in increased tax revenue. He cites Bush, Reagan, Kennedy, and I forget the other. No one has accused Mr. Sowell of thinking he is Kennedy or Reagan for doing this.


19 posted on 10/14/2012 12:50:25 PM PDT by Reddon
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To: Reddon
"He cites Bush, Reagan, Kennedy, and I forget the other."

According to JFK in his NY Econ Club speech it was Eisenhower in 1954.

Maybe it's because I was around in 1962, but Biden simply made Ryan's point, without inflicting any damage.

37 posted on 10/14/2012 1:13:04 PM PDT by LZ_Bayonet ( I AM THE TEA PARTY LEADER !)
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To: Reddon

Probably the Mellon tax cuts, named after the Treasury Secretary of Harding and Coolidge.

Top marginal rate was cut from over 70% down to 24%. This along with Harding cutting government spending to exactly half of the previous administration led to the Roaring Twenties.


45 posted on 10/14/2012 1:15:25 PM PDT by OA5599
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