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Tax Cuts Cause Recessions!

If you think tax cuts lead to higher interest rates, then I guess it follows that you would also believe that tax cuts cause recessions.  From someone who should know better:

This is no joke: Kevin Rudd’s tax cuts will increase the risk of a recession in the second year of his first term.

posted on 09 February 2008 by skirchner in Economics, Financial Markets

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