An Analysis of the Reagan Tax Cuts and the Democratic Alternative
President Reagan won a major victory June 25 as the Senate Finance Committee passed a tax-cut bill containing nearly every- thing he wanted.
Source: heritage.org
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1970s Inflation Runs Amuck and Then Is Beaten
In 1970 inflation wasn’t excessive but it was becoming a problem. It worried many Americans, including those facing re-election in 1972. The annual inflation rate in the United States was only 5.7 percent, according to the U.S. Bureau of Labor Statistics.
Source: theepochtimes.com
Weekly Column: Welcome to the Biden boom
4/25/2021 3:43:45 PM GMT Review and Preview Welcome to the Biden boom. “Forecasts” of real economic growth now run in the 7% to 8% range… If that happens it will mark the fastest four-quarter growth spurt since 1984.”– Alan S. Binder, “Welcome to Joe Biden’s Boom Economy,” Wall Street Journal, April 22, 2021. On Thursday Biden officials leaked that they will soon propose raising the federal tax on capital gains to 43.4% from a top rate of 23.8% today. The midday leak managed to tank stocks with the S&P falling the most in more than a month. Treasury yields also fell on the new...
Source: fxstreet.com