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From: bitmap@ucbtopaz.CC.Berkeley.ARPA
Newsgroups: net.politics
Subject: corporate tax cuts
Message-ID: <466@ucbtopaz.CC.Berkeley.ARPA>
Date: Tue, 1-May-84 02:45:33 EDT
Article-I.D.: ucbtopaz.466
Posted: Tue May  1 02:45:33 1984
Date-Received: Wed, 2-May-84 04:17:24 EDT
Organization: Univ. of Calif., Berkeley CA USA
Lines: 15

<....>

Newsweek magazine, Apr. 30, reports:

   "...And in a clear vindication of Ronald Reagan's business tax
cuts, capital equipment spending rose by 22 percent last year,
nearly triple the pace of an ordinary recovery."

Earlier, I think, someone claimed that all the tax cuts did was
lead to businesses spending money on takeovers rather than capital
equipment.

Sam Hall, UCB
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