No matter what the tax rates have been, in postwar America tax revenues have remained at about 19.5% of GDP. High taxes damage the economy. Here is the universal economic corollary - taxes up, economy down. Taxes down, job creation up.

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Another idiotic liberal economic mess is proven wrong.  When totalitarian democrats raise taxes on the rich and the economy stops growing. --- http://www.wsj.com/public/article_print/SB121124460502305693.html

 

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