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To: flatsville who wrote (108020)	6/11/2001 11:27:10 AM
From: GraceZ	Read Replies (1) \| Respond to of 436258

Only because the loopholes were mostly sewn-up which didn't last long. Are you saying that we didn't have a surge in economic activity after marginal tax rates were lowered that resulted in higher tax receipts? That the higher receipts were solely caused by closing loopholes? I don't think you can argue that point definitively. In a high tax environment you can't close loopholes faster than they will form. The only reason congress was able to finally close the loopholes is because the marginal rates were lowered.