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To: central_va
Tax cuts in the 60's and again in the 80's ballooned Federal revenues. So what do you know? Jack squat.

Reagan tripled the deficit under his watch. After passing his tax cuts in 1981, the employment rate increased to 10.8%, taking several years for it to come down again. Yellen has already signaled that she's gradually raising rates, that's going to have more of an effect on the economy than anything Trump does.

22 posted on 04/26/2017 6:03:12 AM PDT by jimwatx
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To: jimwatx
Reagan tripled the deficit under his watch.

What an idiotic statement. Outlays are the polar opposite of revenue and have NOTHING TO DO WITH EACH OTHER. We are talking about REVENUE.

Federal revenue in 1960 = $92.5
Federal revenue in 1968 = $153.0
Over a 50% increase in revenue!

Federal revenue in 1980 = $517.5
Federal revenue in 1989 = $909.0
Over a 70% increase in revenue!

So the FACTS show that cutting taxes in the 60's and 80's increased revenue. So what do you got? Nothing.

Now you know the truth so stop spreading stupid lies and BS.

24 posted on 04/26/2017 6:14:39 AM PDT by central_va (I won't be reconstructed and I do not give a damn.)
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