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Middle-Class Tax Relief Act of 2012
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Last Time Top Rate Was 39.6%, We Experienced Longest Period of Uninterrupted Economic Growth in U.S. History
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CBO Long-Term Debt Outlook
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Spending and Revenues 1950-2012
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Historical Average for Revenues is Not a Useful Benchmark
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Last Five Times Budget in Surplus, Revenues Near 20% of GDP
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Former Senate Budget Committee Chairman Gregg on Need for More Revenue
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Some Wealthy Paying No Federal Income Tax
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Increase in After-Tax Income From Tax Expenditures
- Floor Speech on Middle Class Tax Cuts (July 24, 2012) - FS_Tax Relief_July_24.pdf (532.1 KBs)
