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Letter: Proposed tax cuts will hurt economy
Ronald Johnson
Sep. 16, 2017 1:00 am
President Donald Trump and others in Congress are proposing tax cuts. Experts have said the cuts will benefit corporate and the wealthy the most and will have little relief for middle and lower class people. We have been down that road before. President Ronald Reagan did the same, saying 'A rising tide lifts all boats.” The ‘tide' raised the yachts and swamped the canoes. George H.W. Bush called it 'voodoo economics.” With an annual budget deficit and nearly $20 trillion debt, how can there be talk of cuts? What is wrong with these people?
Ronald Johnson
Iowa City
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