Tuesday, October 11, 2005

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"Economic growth is crucial to reducing poverty, but the effect of tax rates is less clear. In 1993, President Bill Clinton raised taxes on upper-income families, the economy boomed and poverty fell for the next seven years. In 2001, President Bush cut taxes deeply, but even with economic growth, the poverty rate has risen every year since.”
—Jason DeParle, "Liberal Hopes Ebb in Post-Storm Poverty Debate," New York Times, October 11, 2005

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