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

To: i-node who wrote (510707)	9/6/2009 11:34:43 AM
From: bentway	Read Replies (1) \| Respond to of 1579398

Dave, there's no question when taxes are onerously high, they affect economic growth. Kennedy proved that, when he cut the top marginal rate from 91% to 70%. When your moron hero Laffer was in short pants, and "supply side" economics was yet to be invented. You morons LOVE to cite that, but you never cite the rates - why IS that? The 91% rate was to pay for WWII, by the way. Where was the Iraq tax in W's term? Rates haven't been onerously high for a LONG time - they've been historically LOW. When you cut rates too much, economic growth isn't stimulated, and deficits are the result. Which your spineless (R) ideologues have PROVED over and over. It's a political cakewalk to CUT taxes - only the very few adult, sane, intelligent, responsible people are against it. It takes real political courage and devotion to duty and to this country to RAISE taxes and be fiscally responsible.