Don't Blame Me, I Voted For Kerry Message Board

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Politics : Don't Blame Me, I Voted For Kerry

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To: Bearcatbob who wrote (12816)	4/6/2004 7:42:33 PM
From: Steve Dietrich	Read Replies (1) of 81568

<<And the numbers have to include the negative impacts of tax increases.>> Another right wing myth. Revenue grew faster under Carter than it did under Reagan. And it grew faster under Clinton than it did under Reagan. Reagan raised taxes several times after his first tax cut, Bush raised taxes, and then Clinton raised them again. Only then did we have a long substantial expansion that generated federal revenue comparable to federal spending. If you're a fan of the Laffer Curve, it's obvious we were too low on it. Tax cuts tend to cause deficits (see Reagan and Bush II). Deficits put upward pressure on interest rates which puts downward pressure on growth. How 'bout some dynamic scoring for the advantages of getting rid of the deficit? Why is it Republicans only want dynamic scoring for policies that suit their political bias? Steve Dietrich

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