Lu Powell wrote:
"It is a paradoxical truth that tax rates are too high and tax revenues
are too low and the soundest way to raise the revenues in the long run
is to cut the rates now ... Cutting taxes now is not to incur a budget
deficit, but to achieve the more prosperous, expanding economy which can
bring a budget surplus."

"Lower rates of taxation will stimulate economic activity and so raise
the levels of personal and corporate income as to yield within a few
years an increased - not a reduced - flow of revenues to the federal
government."

"In today's economy, fiscal prudence and responsibility call for tax
reduction even if it temporarily enlarges the federal deficit - why
reducing taxes is the best way open to us to increase revenues."

"It is no contradiction - the most important single thing we can do to
stimulate investment in today's economy is to raise consumption by major
reduction of individual income tax rates."

"Our tax system still siphons out of the private economy too large a
share of personal and business purchasing power and reduces the
incentive for risk, investment and effort - thereby aborting our
recoveries and stifling our national growth rate."

"A tax cut means higher family income and higher business profits and a
balanced federal budget. Every taxpayer and his family will have more
money left over after taxes for a new car, a new home, new conveniences,
education and investment. Every businessman can keep a higher percentage
of his profits in his cash register or put it to work expanding or
improving his business, and as the national income grows, the federal
government will ultimately end up with more revenues."

"In those countries where income taxes are lower than in the United
States, the ability to defer the payment of U.S. tax by retaining income
in the subsidiary companies provides a tax advantage for companies
operating through overseas subsidiaries that is not available to
companies operating solely in the United States. Many American investors
properly made use of this deferral in the conduct of their foreign
investment."

"In short, it is a paradoxical truth that ... the soundest way to raise
the revenues in the long run is to cut the rates now. The experience of
a number of European countries and Japan have borne this out. This
country's own experience with tax reduction (nine years ago) has borne
this out. And the reason is that only full employment can balance the
budget, and tax reduction can pave the way to that employment. The
purpose of cutting taxes now is not to incur a budget deficit, but to
achieve the more prosperous, expanding economy which can bring a budget
surplus."





Your tax cut method to prosperity has been discredited. If it were so,
Bush wouldn't have left office with a 1.2 trillion dollar debt after
starting off with a huge surplus.

It was good for those who ran through the treasury barefoot and had a
party with YOUR money, but you don't seem to care, as long as it was
stolen by a Republican money redistributing machine. Give to the rich!
That'll make me rich too!

In short:
What they left behind isn't prosperity, but debt.

Why you continually throw stones at everyone except Bush amazes me. He
deserves it. Obama is our only hope when the best you guys can do is
bring us Sara Palin.