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Politics : View from the Center and Left

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To: JohnM who wrote (61119)	4/23/2008 3:09:56 PM
From: Sam	Read Replies (2) of 543617

What the budget office found, as study after study has shown, was that any new revenue that tax cuts brought in paled in comparison with their cost. This is why the deficit jumped under the last two tax-cutting presidents (Ronald Reagan and George W. Bush) and fell under the last two tax-raising presidents (George H. W. Bush and Bill Clinton). This strikes me as intuitively so obvious that I cannot for the life of me understand why people don't just get it. Interesting article. Fascinating how McCain the straight-shooter keeps leaping around on taxes. And how, somehow, he doesn't seem to pay any price for it.

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