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Politics : Liberalism: Do You Agree We've Had Enough of It?
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To: Kenneth E. Phillipps who wrote (78205)1/26/2010 7:17:22 PM
From: TimF1 Recommendation  Read Replies (1) of 224754
 
The Kennedy tax cuts were from a highest marginal rate of 91%.

And the Reagan tax cuts where from a highest marginal rare of 70%, with a larger percentage of taxpayers paying the top rate.

Reagan's not only cut rates from a very high rate for more people, they also simplified the federal tax code. Something which has not been done since.

In any case the statement - "In modern times the Kennedy, Reagan and George W. Bush tax rate reductions helped spur economic growth." - Is true, even if the Bush cuts probably had less of an effect. As is - "The Obama tax rate increases will have the opposite effect."

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