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Dear Fellow American,
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“Tax cuts for the rich” is a favorite argument of those who oppose lower tax rates. But does imposing higher tax rates on wealthy Americans actually increase the amount of revenue coming into the federal government?
Hoover Institution Senior Fellow Thomas Sowell takes an empirical approach in his commentary, “Trickle Down” Theory and “Tax Cuts for the Rich.” 
Sowell separates fact from fiction when it comes to tax rates and uses real life data and examples to prove that lower tax rates for all actually lead to greater revenue for the government.
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Greg Stamps Online Development Hoover Institution |