PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: phyxter who wrote (33190)	8/29/2000 11:20:59 PM
From: greenspirit	Read Replies (1) of 769667

phyxter, perhaps you can explain this chart to us 'cats and dogs falling from the sky types'. Tax rate reductions do not necessarily mean less revenues are coming into the government coffers. We are dealing with human behavior over a vast economy here, not some simplistic linear grade school exercise. The same thing happened "twice" in the last two decades in regard to capital gains reductions. Remember when the Democrats and the President kept whining that reducing capital gains was a give away to the rich, that would cause the deficit to surge? Heck, it was only a few years ago. Well guess what? Capital gains revenues actually increased (quite dramatically as a matter of fact) AFTER the tax cuts. heritage.org And by the way, the rich payed MORE taxes after Reagan lowered the marginal rate in the 80's. heritage.org These are not even disputable. They are simple facts which have been distorted by the mainstream media for years. NO serious economist disputes these findings.

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