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Politics : PRESIDENT GEORGE W. BUSH
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To: JEB who wrote (350772)1/31/2003 8:40:20 AM
From: DMaA  Read Replies (2) of 769670
 
This lowered expected revenues by reducing bracket-creep, where taxpayers are pushed into higher tax brackets by inflation.

Inflation would not have helped. Reagan also indexed tax brackets to inflation. Amazing how inflation went away right after that little change.
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