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Classic tax reform involves reducing rates in return for closing loopholes. But what is a loophole? Is any deduction a loophole?
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John F. Kennedy campaigned for president in 1960 targeting 5% real economic growth. After he was elected, he achieved that goal, doubling the slow growth of the Eisenhower 1950s.
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Kennedy, and President Eisenhower before him, recognized that international leadership in space capabilities provided critical leverage in the conduct of foreign and defense policy during the most intense stages of the Cold War.
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