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Politics : Politics for Pros- moderated

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To: JohnM who wrote (127073)	7/23/2005 7:56:11 PM
From: LindyBill	Read Replies (1) of 793718

Your argument, if I understood it correctly, would involve not increasing the weight of the wealthy pocket books but putting more money into the hands of spenders--middle class tax cuts and keeping middle class benefits strong. The Laffer curve increases tax revenue by lowering the taxes on the producers. They pay 80% of the taxes in the country today. The tremendous increase in tax revenue this year has come from people who pay quarterlies. They are paying more because they had more to invest in their businesses and other businesses. C2 thinks it is coming from overseas redemption, but the articles I have read say this is not the case. Democrats will not accept the Laffer curve because it is based on letting well off people keep more of their income. The left's whole approach is that we should "soak the rich." They can't comprehend that when you take a rich man down, you take 100 poor men with him.

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