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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (679351)10/17/2012 11:38:33 AM
From: combjelly  Read Replies (2) of 1573215
 
We've never hit it and should keep lowering rates until we do, then increase them a tiny amount and that will be optimal
We have hit it. Under Reagan and later under Smirk. Look at how the national debt exploded under both. Yes, in both cases the revenues did eventually exceed the pretax cut highs, but in both cases that was because the economy was improving for other reasons than the tax cuts. Or are you going to argue that the economy never would have recovered without the tax cuts? If so, you will have to come up with some serious proof.
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