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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (33846)	3/9/2009 4:42:08 PM
From: Steve Dietrich	Read Replies (1) \| Respond to of 71588

What's undeniable is strong economic growth is entirely compatible with higher tax rates than what we have now. Reagan raised taxes many times. Bush Sr. raised taxes. And then Clinton raised them again. Still, following all those tax increases, we had one of the best expansions in our history followed by one of the tamest contractions in our history. Bush Jr. on the other hand cut taxes twice and we've had one of the lamest expansions followed by the worst contraction since the GD. Serious people know that modest changes in the tax code don't have much of an effect on the economy one way or the other. (They do have a huge effect on our balance sheet.) But propagandists on the right will never give up their only, often disproved, rallying cry... SD