Re: Dems & the proletariat
On Oct 8, 2006, at 8:59 PM, Michael Hoover wrote:
On 10/7/06, Doug Henwood dhenwood@panix.com wrote:
On Oct 6, 2006, at 9:24 PM, Michael Hoover wrote:
dixiecrats said to jfk: you got a choice, tax bill or civil rights bill
Supply-siders often claim JFK as their own - they love his tax cut. Doug <<<<<>>>>>
you miss my point although supply-sider claim should have been refuted years ago
As I recall, the supply-siders liked it because it lowered top rates
markedly, and included a big investment tax credit - i.e., it was
oriented towards capital, and therefore supply-side. It was not a
more “liberal” approach that would have cut middle- and lower-bracket
rates for reasons of demand stimulus and equity. Maybe I’m
remembering the mix wrong.
Doug