Not fully, no.
It had nothing to do with the tax cuts and the recession only lasted for 10 months, then things boomed. Wanna compare those results to the massive government spending caziness? How long did the depression last?I guess you don't know that unemployment rose by 55% in 1949, following the passage of that act, huh?
It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
"Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911
Guys please stop responding to apdst. This thread is getting filled with more BS than a porta-potty.