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usafcraig
Tuesday, October 26, 2010 at 12:57 PM
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Mr Sowell states "Between 1921 and 1929, tax rates in the top brackets were cut from 73 percent to 24 percent." We all know that the stock market crashed in October 1929. I can see people saying that the tax cuts caused the crash. It should be stated that the tax cuts DID NOT cause the crash but possibly speculation and the fear of a possible crash reinforced by public officials and the media.