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A Book for Republicans

Ron6779 Wrote: May 25, 2012 7:15 PM
It shows how stupid the government is by saying raising taxes on the rich will bring in more revenue...when history shows it not to be the case...Like Sowell points out; it's a vote getter...The problem is even if the government got more revenue it would just waste it. When are the lower 50% of income earners going to start paying any income tax?
Democrats have been having a field day with the cry of "tax cuts for the rich" -- for which Republicans seem to have no reply. This is especially surprising, because Democrats made the same arguments back in the 1920s, and the Republicans then not only had a reply, but one that eventually carried the day, when the top tax rate was brought down from 73 percent to 24 percent.

What was the difference then?

The biggest difference is that Secretary of the Treasury Andrew Mellon took the trouble to articulate the case for lower tax rates, in articles that appeared in popular publications,...