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Politics : I Will Continue to Continue, to Pretend....

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To: Sully- who wrote (15651)2/21/2006 6:04:57 PM
From: Sully-   of 35834
 
Senator Frist Explains Why Tax Cuts Make Money

By Katie MacGuidwin
GOP.com Blog

In this morning’s USA Today Sen. Bill Frist (R-TN) explains why
    “Total government collections…increased more after 
President Bush's 2003 tax cuts than they did after
President Clinton's 1994 tax hikes.”
Frist writes “Republicans' decision to reduce taxes on capital gains and dividends provides a good case study in effective tax policy.
    When we enacted these measures in 2003, the Congressional 
Budget Office estimated that revenues would decline by
$27 billion over the next two years. Instead, it turned
out that the tax cut stimulated investment and increased
revenues by $26 billion — a $53 billion difference. That
difference, by the way, provides enough money to fund the
entire Department of Justice for more than two years.”
http://www.gop.com/blog/BlogPost.aspx?BlogPostID=1713

usatoday.com
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