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Donald Rumsfeld on Tax Reform

Secretary of Defense (Pres. Bush Cabinet)

 


1995: 15% across-the-board tax cut to stimulate economy

In 1995, we helped Dole craft a supply-side economic message with input from some of the leading economic experts in the country, including Milton Friedman and Steve Forbes. The Dole proposal had as its centerpiece a 15% across-the-board tax cut for the American people. He argued that by letting people keep more of their own money, they could better stimulate the economy than the federal government could. Still, with the country seeming to be at peace & reasonably prosperous, Dole lagged behind Clinton.
Source: Known and Unknown, by Donald Rumsfeld, p.269 , Feb 8, 2011

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