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

To: Alighieri who wrote (525682)	11/3/2009 4:54:22 PM
From: Tenchusatsu	Read Replies (1) \| Respond to of 1577025

Al, nice summary of history. Only contains a few holes you can drive an SUV through. Such as the one between Clinton tax hikes of 1993 and the balanced budget of 1998. Or the Bush tax cuts of 2001 and the current recession which started in 2008. But go ahead and argue that higher taxes leads to prosperity. See how that works out for you. Tenchusatsu

To: Alighieri who wrote (525682)	11/3/2009 5:32:03 PM
From: i-node	Read Replies (1) \| Respond to of 1577025

>> A small tax cut consisting primarily of a reduction in the cap gain rate from 28 to 20% You think 29% cut in cap gain rates is "small"? >> of course the period following the 1993 far more substantial tax increases (that according to the GOP were going to put us on path to catastrophe) saw steady economic expansion. This, of course, couldn't be further from the truth. The '93 tax increases hampered an otherwise robust economic recovery from the RECESSION that was caused by the George Bush Read My Lips tax increases.