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And there was a cut of the capital gains tax that helped stimulate economic growth there. the bush tax cuts, 2001, were not designed to be stimulus to the economy. a lot of tax credits in there. they weren't real reductions in rates. the 2003 rate reductions you had on cap gains and others, that gave you four years of strong economic growth that lasted until the democrats won the house and senate, and you knew those tax cuts were going away. >> here's the reality in terms of how americans feel about taxes and, indeed, how republicans feel about it, which seems to be at odds to where you are. m...

Taxes and, indeed, how republicans feel about it, which seems to be at odds to where you are. maris polling out earlier this month indicates 53% of republicans agreed, yes, taxes should be raised on higher-income americans as part of a debt deal. i mean this is also against the backdrop of history, of ronald reagan raising taxes, a conservative icon. >> yeah. and my point was that when reagan did it in '82 as part of the deal, the democrats never actually cut the spending. taxes went up, spending didn't go down. it's just for a number of reasons, tax increases are what politicians do rather th...

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