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Okay, so i understand how increased tax rates can have a negative effect on revenue by discouraging spending and investment. I don't think that that is always true though. Certainly if taxes rates become prohibitive it will have a negative effect on revenue, but small increases in taxes generally aren't prohibitive.
What else can you do to cut deficits? Decrease spending? What else? I think bush's economic policies are inept because he is reducing revenue while increasing spending. I don't see how that is going to help the deficit.
PS. I know the article wasn't about bush. I just don't think it "puts to rest uninformed posts concerning "job exportation" and the perceived irresponsible fiscal policy being pursued ny the current administration" as claimed by 123dsa. Job exportation maybe(although i think it makes attacking our economic interests much easier for those so inclined.) Fiscal policy? No.
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