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Politics : President Barack Obama
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To: michael97123 who wrote (16826)4/9/2008 8:49:09 AM
From: Kenneth E. Phillipps  Read Replies (2) of 149317
 
Ronald Reagan approved of the extremely high Payroll tax rates enacted in the 1980s. The income tax cuts enacted during the 80s are also a major cause of the huge budget deficits during the Reagan-Bush years. When taxes were increased in 1993, the deficits disappeared.
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