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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: chartseer who wrote (96659)	12/11/2010 1:33:17 PM
From: Kenneth E. Phillipps	Read Replies (2) \| Respond to of 224744

History shows that high tax brackets for the very wealthy doe reduce the debt. Under Truman and Eisenhower the top tax bracket was 91% and the debt was substantially reduced. Under Kennedy, Johnson and Carter, the top bracket was 71% and again, the debt was dramatically reduced. Under Reagan, the top bracket went down to about 40% and the debt went up. Under Clinton, taxes were raised and the debt was reduced. Under Bush, taxes were lower the debt was increased.