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Article #983Re: Income tax repealed....maybe...
From: David E. Banks
Date: Tue, 25 Jun 1996 00:00
Date: Tue, 25 Jun 1996 00:00
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2601 bytes
The deficit increased because the Democratic Congress continued to spend more than it took in. Just think what the economy would have been if this money had stayed in the public sector rather than having been borrowed money. I you don't control spending when you get a tax cut and the revenues increase, then you are still on the same liberal path we have been on for the past 40 years. JFK would have said ( and in fact did) say that the Democratic party has gone crazy with spending. And do not seem to have any intentions of stopping. collins@zeke.paros.com (Jeffery A. Collins) wrote: >David E. Banks (davidba@atl.mindspring.com) wrote: >: You miss one important fact. If the tax rate is lowered, then the >: economy will expand at a greater rate thereby producing more income >: that will be taxed. In affect you will be increasing tax revenue. >: Look at 1980 -1992. This period had the greatest tax revenue growth >: in the nations history all due to a tax cut. >: Let reality set in.... > And the fastest growth in the federal deficit. Thank you Ronnie and George. > Jeff >-- >============================================================================== > Jeff Collins Email: collins@paros.com > Director Phone: (404) 874-5122 > Onyx Technologies FAX: (404) 874-8171
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: 10e1e4,7bc10164a3063e56 X-Google-Attributes: gid10e1e4,public X-Google-Thread: fa15f,7bc10164a3063e56 X-Google-Attributes: gidfa15f,public X-Google-Thread: 116100,7bc10164a3063e56 X-Google-Attributes: gid116100,public X-Google-Thread: 10fef2,7bc10164a3063e56 X-Google-Attributes: gid10fef2,public X-Google-Thread: 10e835,7bc10164a3063e56 X-Google-Attributes: gid10e835,public X-Google-Thread: 1130cb,7bc10164a3063e56 X-Google-Attributes: gid1130cb,public X-Google-Thread: 106a7c,7bc10164a3063e56 X-Google-Attributes: gid106a7c,public From: davidba@atl.mindspring.com (David E. Banks) Subject: Re: Income tax repealed....maybe... Date: 1996/06/25 Message-ID: <4qnh36$ih2@mule1.mindspring.com> X-Deja-AN: 161945547 references: <4q7sk1$ug@nntpa.cb.lucent.com> <4q8v47$7n7@gaia.cc.gatech.edu> <4q92dh$3o6@Mercury.mcs.com> <4qafdq$qbc@mule1.mindspring.com> <vc7k9x3ks1c.fsf@jupiter.cs.uml.edu> <4qbkot$cls@mule2.mindspring.com> <4qhjhg$t1g@mule2.mindspring.com> <4qmrtf$9ht@nntp.atlanta.com> organization: MindSpring Enterprises, Inc. reply-to: davidba@atl.mindspring.com newsgroups: oh.general,ne.general,atl.general,chi.general,ga.general,in.general,ne.nearnet.general