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Tuesday, July 26, 2005

Lower Tax Rates Could Create Boom to Economy

It is clear that the reduction of personal income tax rates have created a windfall to the government's coffers. Now the government's reduction of corporate tax rates from 35% to 5.25% on the repatriation of profits earned overseas by U.S. corporations could return up to $320 billion in profits back to the U.S.

The boon to government revenue should continue. I don't think it's too early to start talking about how best to return that money to taxpayers...