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In every presidential election some candidates claim that taxes are too high and should be lowereed. In addistion, recognizing that the U. S. continues to

In every presidential election some candidates claim that taxes are too high and should be lowereed. In addistion, recognizing that the U. S. continues to have large deficits, adding to the national debt, the candidates claim that less tax revenue (lower taxes) will help reduce the national debt. How can this be when tax revenues are the major source of income to the U.S. Government? Explain the raionale for the tax/debt philosopy.

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