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Do tax cuts increase income or income inequality?

 Do tax cuts increase income or income inequality?  Republicans maintain that decreasing taxes will increase economic activity and benefit everyone. Republican economic consultant Arthur Laffer said cutting taxes → increased economy → more tax revenue. But this did not happen from 1981-2008 when Republicans held the White House for 20 years. Tax revenues were flat under […]

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Defense spending accounts for much (or all?) of the federal debt

If the US defense budgets were 72% less, there would be no debt   But the defense budget isn’t the only cause of the federal debt.  Other commonly cited causes are:   The impact of defense spending on a family’s budget keeps getting larger     The Republican plan to increase defense spending by $2 […]

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