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Going global and dealing with a new deck of cards.

Publication: Mississippi Business Journal
Publication Date: 26-MAR-07 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Going global and dealing with a new deck of cards.(implications of Ronald Raegan's tax policy on American tax rates)

Article Excerpt
Ronald Reagan's theory held that lowering taxes on upper income folks would spur investment and increase opportunities for everyone and that the benefit of tax reductions would "trickle down" to the middle class.

The answer to whether any economic theory works is always, "it depends," and Reagan's is no exception. Though a definitive answer to the question may elude us, some statistics could be helpful in drawing reasonable conclusions. Rather than perform independent research, I have relied heavily on a column by Robert J. Samuelson entitled "Trickle-Up Economics?" that appeared in the October 2, 2006, issue of Newsweek magazine....

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