Online Stock Trading | Federal Deficit falling faster than expected

Federal Deficit falling faster than expected


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The Federal Deficit fell to 157.3 billion dollars for this year, sharply lower than last years 239.6 billion dollar deficit for the same period.  Even more interesting the CBO is predicting that the Federal Deficit will be toward the lower end of their estimate.  Supply side economics at its best, tax something less and you get more of it.

So why are we hearing about possible Tax Hikes?  It is a fact the top 1% of income earners pay 50% of the taxes while the top 50% pay 99% of the Federal Taxes.  So why are we raising taxes on those who pay 99% of the taxes?  We have seen the Federal Deficit drop dramatically without raising taxes.  One could only conclude that lower taxes help create economic gains.  Say no to tax hikes!

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