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View Diary: OMG!!! Teh Book That Would Have Destroyed Teh Obama!!!1!!1! (83 comments)

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  •  Partly true. (1+ / 0-)
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    bobinson

    Interest rates also dropped and the Kennedy admin also spent some money in a nascent space program and infrastructure improvements.  

    So year the economy did boom but because of policies that Kennedy enacted.  That said. the one had little to do with the other.  

    As you state, the rates were dropped but many loopholes were closed resulting in higher tax payments.  It would have the same effect as Obama lowering the corporate tax rate to say 25% but closing all loopholes which currently allow companies like Bank of America to actually receive a rebate instead of paying taxes.  So yeah the rate would be lowered but if BOA ended up paying  25% as opposed getting a rebate even though their supposed rate is 35%, then the net result would be higher tax payments by BOA.  

    This is your world These are your people You can live for yourself today Or help build tomorrow for everyone -8.75, -8.00

    by DisNoir36 on Mon Dec 03, 2012 at 06:38:21 AM PST

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