Jim Oakland Wrote:
Dec 08, 2012 7:51 PM
"When tax rates are reduced, the economy’s growth rate improves and living standards increase. Good tax policy has a number of interesting side effects. For instance, history tells us that tax revenues grow and “rich” taxpayers pay more tax when marginal tax rates are slashed. This means lower income citizens bear a lower share of the tax burden – a consequence that should lead class-warfare politicians to support lower tax rates. . . ." -- John F Kennedy Sounds a lot Reaganomics to me.