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To: flatsville who wrote (66218)	2/9/2001 10:43:57 AM
From: Les H	Read Replies (2) \| Respond to of 436258

I think we're in agreement that there are a myriad of supply-side and demand-side benefits codified in the tax code that would otherwise be labelled as spending programs. If you recall, we also had a near 11% unemployment at the time the Reagan tax cuts were enacted. The low was around 5-5.5% by the time he left. There was also strong political pressure on the administration and Congress to spend their way out the recession. It's one-sided Democratic rhetoric to just blame the tax cuts and not look at the mantra of "spending their way out of the worst recession since the 30's". The tax rates would be much smaller if the entitlement programs are cut from the tax code.