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Crystalboo92 Crystalboo92
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Posts: 399
A week ago

Both presidents Kennedy and Reagan proposed significant cuts in income taxes because



they believed that the tax cuts would enhance economic efficiency.



state governments had increased their taxes and they believed the tax cuts they proposed would result in most citizens paying about the same total state and federal taxes.



they wanted to offset their proposals to increase other taxes.



at the time of their proposals the federal government was experiencing budget surpluses; that is, tax revenue exceeded government expenditures.

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krobdancekrobdance
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Posts: 300
A week ago
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they believed that the tax cuts would enhance economic efficiency.

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