Quiz: Who said this?
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@unknownuser said:
it is a paradoxical truth that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to lower the rates now.
and this (same person)@unknownuser said:
[I propose] an across the board, top to bottom cut in both corporate and personal income taxes. It will include long-needed tax reform that logic and equity demand. [...] The billions of dollars this bill will place in the hands of the consumer and our businessmen will have both immediate and permanent benefits to our economy. Every dollar released from taxation that is spent or invested will help create a new job and a new salary. And these new jobs and new salaries can create other jobs and other salaries and more customers and more growth for an expanding American economy. (emphasis added)
Please, no posting the source until the poll has ended.
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Sounds like JFK.
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Trickle down Theory. Sounds like Ronald Reagan.
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This kind of fiscal thinking generally eludes Democrats. I voted "other", wrongly thinking Ron Paul was independent. I should have voted Republican. Although Reagan is a great guess, with his trickle down theory.
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Here's a freebie quote...
@unknownuser said:
We can't expect the American People to jump from Capitalism to Communism, but we can assist their elected leaders in giving them small doses of Socialism, until they awaken one day to find that they have Communism.
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Since Paul outed the source, I'll tag it.
Yes, the quote was from JFK - a Democrat who recognized that high taxes were punitive and stifled economic growth. His "across the board" tax cuts stand in marked difference from the "make the rich be patriotic by paying higher taxes" rhetoric from the current Democratic campaign. It's the same stance taken by Reagan to end the Carter recession, and the same stance taken by Bush as the Clinton economy flagged towards recession.
To me, it shows how far the Democratic party (in general - not talking about individuals necessarily) has gone to the left, that something their party espoused in the 1960s would be battled in our current times.
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I agree, Rick. The Democrats of old were fine. They were respectful of dissent, not intolerant of it. I've mentioned before how I felt about guys like Patrick Moynihan. There has been a marked shift to liberalism, to populism, to appealing to the "disenfranchised" by "taxing the rich". Making them the bogey men.
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