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A program of [across the board] tax cuts in order to produce growth in an economy. It worked very well in the 1980s. GNP and real incomes rose in the 1980s. It was theorized by [economist], Arthur Laffer, that government revenue would grow if taxes were cut on the [across the board] including the wealthy. Revenue rose sharply in the 1980s. However, spending rose faster. Often, misrepresented as stealing from the poor and giving the rich. If you cut taxes, it is only right to lower taxes on the wealthy who pay taxes.
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