Jun 17, 1997 04:16 PM
by Tom Robertson
On Tue, 17 Jun 1997 16:28:49 -0400 (EDT) "K. Paul Johnson"
>Tom: the root cause of the ballooning deficit was not either
>the Reagan military buildup or the Democratic congress's
>domestic spending, but that absolutely stupid and pointless
>1981 tax cut.
I read that federal tax revenues were roughly $530 billion in Carter's
last year and roughly $980 billion in Reagan's last year. The Coolidge,
Kennedy, and Reagan tax cuts have often been cited as evidence that tax
cuts, by stimulating business activity, raise tax revenues.
>CWL admitted "giving indicative action."
Were his motives to instruct or for personal gratification? I believe
[Back to Top]
Dedicated to the Theosophical Philosophy and its Practical Application