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Progress at the Border

/ Wrote: Jan 25, 2011 1:38 PM

Edward Wrote: 14 minutes ago (1:08 PM) Again, did you compensate for the natural growth in revenues occurring in a recovery? Didn't think so. Did you compare those figures with those of past expansions? Didn't think so. ************************************** OK, let's look at the 1920s. To understand the potential revenue and economic effects of tax cuts, history is a extremely useful guide. We can start by examining the effects of the 1920s tax rate cuts engineered by Treasury Secretary Mellon under Presidents Harding and Coolidge. After five years of very high tax rates, rates were cut sharply under the Revenue Acts of 1921, 1924, and 1926. The combined top marginal normal and surtax rate fell from 73% to 58% in 1922, and then to...

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Progress at the Border

As I shuffled out to my driveway to get the morning papers in my bathroom and slippers, Tony Soprano-style, the headline jumped out at me: “Illegal Immigration From Mexico Slowing Down.”

It was to be a good start to a lazy vacation day between Christmas and New Year’s.

Of course, the mainstream media isn’t about to give much credit for the supposed decrease in criminal activity at the southern border to the passionate anti-illegal voices in America. The article immediately credited a “slowing U.S. economy” for the change.

Talk about your basic “chutzpah.” This report in the Los Angeles Times claims...

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