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April 14, 2007
Fred Thompson on Income Tax
Fred Thompson lays out the case for tax cuts.
The results of the experiment that began when Congress passed a series of tax-rate cuts in 2001 and 2003 are in. Supporters of those cuts said they would stimulate the economy. Opponents predicted ever-increasing budget deficits and national bankruptcy unless tax rates were increased, especially on the wealthy.
In fact, Treasury statistics show that tax revenues have soared and the budget deficit has been shrinking faster than even the optimists projected. Since the first tax cuts were passed, when I was in the Senate, the budget deficit has been cut in half.
Run, Fred, Run!
Posted by Rob Kiser on April 14, 2007 at 9:03 PM
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