In the 1970s, the more Congress spent, the higher unemployment rose, and it was not until government spending and taxes were cut in the early 1980s that unemployment started its long-term decline. (Arthur Laffer)

In the 1970s, the more Congress spent, the higher unemployment rose, and it was not until government spending and taxes were cut in the early 1980s that unemployment started its long-term decline.

Arthur Laffer

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congress cut decline early government rose spending spend tax 1970s 1980s higher unemployment

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