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Speaking of Recent Blunders By Crimson Presidents
futureofcapitalism.com
Robert Samuelson's Washington Post column blaming the Kennedy tax cuts for America's current fiscal problems is right up there. There are at least two mostly accurate sentences in the column. They are these: "The promise of Kennedy's tax cuts was that, by promoting faster and more stable economic growth, government could afford more because the economy would perform better. When Republicans proposed 'supply side' tax cuts in the 1980s, they made similar arguments and referred admiringly to Kennedy."
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Speaking of Recent Blunders By Crimson Presidents
futureofcapitalism.com
Robert Samuelson's Washington Post column blaming the Kennedy tax cuts for America's current fiscal problems is right up there. There are at least two mostly accurate sentences in the column. They are these: "The promise of Kennedy's tax cuts was that, by promoting faster and more stable economic growth, government could afford more because the economy would perform better. When Republicans proposed 'supply side' tax cuts in the 1980s, they made similar arguments and referred admiringly to Kennedy."
Read More...
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Robert Samuelson
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