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Terms in this set (128)
Reagan-economics, voodoo economics; cuts in taxes will produce business investment that will compensate for the loss of money due to the lower tax rates. Tax rates will be lower, but business will boom, unemployment will go down, incomes will go up, and more money will come into the Treasury; when there are boom times, government continues
spending, doesn't stop; can't cut a program, it would be the end of their career; most associated with Reagan and Bush administrations; in both cases, additional revenue did not come in, it was a failure
thinking: if they cut taxes, people can go out and buy more things, improving government and making more jobs, generate more revenue
effects: huge deficits
No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a grand jury, except in cases arising in the land or naval forces, or in the militia, when in actual service in time of war or public danger; nor shall any person be subject for the same offense to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation
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