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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (299955)	8/14/2006 8:12:43 PM
From: TigerPaw	Read Replies (1) \| Respond to of 1575311

"The tax cuts were followed one of the greatest American economic expansions in modern times." You fail to indicate that the tax cuts were followed by a tax restoration before the great economic expansion. I think that is known as the fallacy of the undistributed middle.

To: TimF who wrote (299955)	8/14/2006 8:49:59 PM
From: tejek	Respond to of 1575311

So far perhaps, at least according to that one interpretation, but the economy is still growing. The positive effect on economic growth from lower taxes can continue indefinitely. BTW the tax cuts referred to in my statement - "The tax cuts were followed one of the greatest American economic expansions in modern times." - where the tax cuts of the 80s, not the Bush Jr's tax cuts. Before Reagan cut taxes the rates where higher, and Reagan didn't increase spending as fast as Bush. I don't think there is any real evidence that the economic growth we are experiencing in the past two years comes from tax cuts. On the contrar,y there are more likely culprits like the growing equity in people's homes.