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Omdahl: Revenue sharing: a lesson in government speed

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If you are holding your breath until the passage of an immigration bill, this saga about federal dispatch may convince you that you will turn purple before anything happens.

In the early 1960s, the federal government cut income taxes and the result was a hefty surplus. This bit of "countercyclical spending" catapulted its chief advocate, Walter Heller, chairperson of the President's Council of Economic Advisers, into stardom.

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