Quote:
Originally posted by fintstone
Lower tax rates and lower interest rates stimulated the job market and prevented a deeper downturn. That along with the cyclical nature of the economy recovering from the recession that started in the last quarters of 1999.
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lower tax rates have become conventional wisdom for the assist to a rebound. Foreward thinkers are already planning for the lower rates to become permanent due to 2 reasons..
1] it is voter distain to raise taxes. Even the Dems know that.
2] lower rates designed to stimulate jobs and business have historically proved successful.
and FWIW reducing debt by raising taxes is unproductive to overall eco health. The proven method of reducing deficts is thru eco growth.