Literature Network » Samuel Butler

Understanding Clintonomics

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From: The Washington Post
Date: 20030617
Author:

Samuel Butler once remarked that he didn't mind lying, but he hated inaccuracies. Which is why Brock Magoon's June 11 letter regarding Reagan-era economic performance requires correction.

Among other things, Mr. Magoon asserted that President Reagan ended the Cold War and increased American gross domestic product "after passing the largest tax cut in U.S. history." What is missing is that Mr. Reagan also signed into law the largest tax increase in U.S. history -- a search on Google using the terms "largest tax increase" and "Reagan" produces the Tax Equity and Fiscal Responsibility Act of ...

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