I dating a republican
And that’s with fluctuations in the top tax rate from 92% in the 1950s to 28% in the 1980s.
If the growth effect from tax cuts can’t be quantified and the government can’t manage to extract a bigger piece of the pie, no matter what the prevailing tax rate, it makes you wonder about the obsession with tweaking tax rates.
Later, self-contained kits were issued as a whole ration and contained canned meat, bread, coffee, sugar and salt.
During the First World War, canned meats were replaced with lightweight preserved meats (salted or dried) to save weight and allow more rations to be carried by soldiers carrying their supplies on foot.
The government has used just such a strategy — raising taxes to deter “bad” behavior (smoking, drinking), or lowering them to incentivize “good” behavior (home ownership) — for decades.
Reducing the tax on income, or work, was touted as a way to boost growth, not by stimulating demand for goods and services but by increasing the economy’s productive potential, its supply side, by motivating work, savings and investment.
While MREs should be kept cool, they do not need to be refrigerated.
To the contrary, the 1990s witnessed a decade of strong economic and productivity growth, low inflation and, thanks to a reduction in the capital gains rate in 1997 and a subsequent internet- and tech-stock bubble, four consecutive years of annual budget surpluses from 1998 to 2001. Inflation had yet to rear its head, alleviating the need for the stop-go monetary policy that characterized subsequent decades. If it’s impossible to quantify the exact relationship between top tax rates and economic growth, perhaps there’s an argument to be made from the revenue side, or the consequence of economic growth as reflected in tax receipts.
Even the Tax Reform Act of 1986, the last real reform, which lowered rates, broadened the base and eliminated many loopholes, failed to yield quantifiable results, according to former Reagan adviser Bruce Bartlett, a one-time supply-sider who abandoned the flock.
At the outset of his presidency, Bill Clinton raised marginal tax rates as part of the Deficit Reduction Act of 1993.
At the beginning of World War II, a number of new field rations were introduced, including the Mountain ration and the Jungle ration.
However, cost-cutting measures by Quartermaster Command officials during the latter part of World War II and the Korean War again saw the predominance of heavy canned C rations issued to troops, regardless of operating environment or mission.
In 1963, the Department of Defense began developing the "Meal, Ready to Eat", a ration that would rely on modern food preparation and packaging technology to create a lighter replacement for the canned Meal, Combat, Individual ration.