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Politics : PRESIDENT GEORGE W. BUSH
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To: Neocon who wrote (589121)7/9/2004 5:03:25 PM
From: Steve Dietrich  Read Replies (1) of 769670
 
Again, your numbers show that it took until 1985 to recover 1981 revenue levels. (Income tax didn't recoup 1981 levels until 1987.)

What policy lag? The tax cuts took effect in 1982, exactly when revenue plummeted.

Steve Dietrich
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