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Politics : Formerly About Advanced Micro Devices
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To: Wharf Rat who wrote (762931)1/10/2014 2:36:14 AM
From: i-node  Read Replies (1) of 1573214
 
> wrote the tax bill that Clinton used to create a budget surplus.

Actually, tax legislation is written by the Staff of the Joint Committee on Taxation, for the most part.

More importantly, however, the Clinton tax bill that "created the surplus" (which wasn't really a surplus, but that's yet another story) -- the Clinton tax bill that created the economic surge -- was written AFTER O'Donnell had moved on. You see, it was the CLINTON TAX CUT that caused the economic surge. You're referring to the CLinton Tax Increase, which essentially muted a growing economy which was coming out of recession and otherwise, would have heated up quite nicely. Even Clinton realized, eventually, that without tax cuts the economy would stagnate and die.

Of course, Clinton was pushed to that position by strong leadership from Newt Gingrich. If only he were back in the House.
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