A president proposed a tax cut in the early 1960s. he said, Ask an Expert

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A president proposed a tax cut in the early 1960s. He said "It is a paradoxical truth that tax rates are too high today and tax revenues are too low, and the soundest way to raise tax revenues in the long run is to cut tax rates now." Can someone explain what this statement means?

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9494611

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