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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (511604)9/9/2009 12:45:46 PM
From: bentway  Read Replies (1) of 1581021
 
Dave, that's just crap from a fellow ideologue. It doesn't wash.

The "evidence" for supply side economics is always the Kennedy tax cuts, where he cut the top marginal rate from 91% to 70%. It's only common sense that when the rate was 91%, cutting it to 70% would produce more revenue and stimulate the economy - no theory needed.

There's a sweet spot for taxes, just as there is for prices. too high and it's onerous. Too low, and not enough revenue is generated. It's the second part of the formula that you idiot supply-siders can't seem to get a handle on.
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