That lower tax rates increase the tax take has been demonstrated time and again in the real world: remember how JFK said in 1962 that "the soundest way to raise the revenues in the long term is to cut the rates now"?

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So the merged company could move flights to a more major hub such as JFK, said Pincavage.

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One commentator at the time said JFK looked like "a bronzed warrior" whereas Tricky Dicky appeared sick, unshaven and sweaty.

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