Tuesday, August 15, 2006

2759 The greatest economic story ever told

"Exactly twenty-five years ago [Aug. 14], Ronald Reagan signed into law the first supply-side tax cuts since the JFK plan of the early 1960s. By reducing high marginal tax rates, Reagan transformed the American economy and opened the door to two-and-half decades of prosperity. Economic behavior responds significantly to the incentive power of low tax rates that raise the after-tax return on work, investment, and risk-taking." Larry Kudlow

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