February 12, 2013, economix.blogs.nytimes.com.
Bruce Bartlett held senior policy roles in the Reagan and George H.W. Bush administrations and served on the staffs of Representatives Jack Kemp and Ron Paul. He is the author of “The Benefit and the Burden: Tax Reform – Why We Need It and What It Will Take.”
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as of the third quarter of 2012 nonfinancial corporations in the United
States held $1.7 trillion of liquid assets – cash and securities that
could easily be converted to cash.
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