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Politics : View from the Center and Left

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To: michael97123 who wrote (6920)	12/15/2005 4:28:25 PM
From: TigerPaw	Read Replies (1) of 542143

There is no doubt supply side works strictly in terms of economic growth. Actually there is a lot of doubt that supply side works at all. Many people try to point to a tax cut in John Kennedy's term that was followed by economic gains. There were many things that happened at that time including the baby boomers entering the workforce and the first widespread use of semiconductors. These probably had more to do with economic gains than taxes which are but one of many many costs and constraints on business. All the other tax cutting episodes have been followed by massive deficits which stalled the economy. Tax is way down on the list of things which affect the business cycle. TP

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