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Politics : PRESIDENT GEORGE W. BUSH
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To: Neocon who wrote (129404)2/27/2001 12:18:56 PM
From: Zoltan!  Read Replies (1) of 769667
 
The best defense against Liberal lies is the truth:

"Among the other ploys used to try to prevent tax cuts is the claim that the Reagan tax cuts of the 1980s were the reason for the rising deficits of the 1980s. Let's confound the politicians once again by stopping to think about it. Let's even look at the facts.

The tax cuts of the 1980s cut the tax rates. This did not reduce the tax revenue that came into Washington. More tax revenues were collected in every year of the two Reagan administrations than had ever been collected in any year of any previous administration in history. Congress just spent all this money — and more. That is why there was a deficit.

What the liberals loved to call "tax cuts for the rich" did not reduce the total taxes paid by people in upper income brackets. "The rich" paid more total taxes than before — but they paid it out of rising incomes. That is what the liberals have never forgiven Ronald Reagan for — that the economic boom he fostered meant that the rich were better off than before, even though they not only paid more money in taxes, they even paid a higher percentage of all the taxes than before.

If you don't hurt the rich, the left is not happy, even if your policies create a rising tide that lifts all boats. Ironically, among those now advocating redistribution through death taxes are rich people who inherited their wealth, instead of earning it. If rich heirs and heiresses like the Rockefellers feel guilty, surely they can afford to seek professional help for themselves, instead of inflicting counterproductive policies on the whole society"
washtimes.com
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