PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Bill who wrote (316352)	11/7/2002 5:46:53 PM
From: J_F_Shepard	Read Replies (1) of 769670

"Receipts during the Reagan years increased by $310 billion and by $870.8 billion under Mr. Clinton. This chart show a sharp and steady increase in revenue under Mr. Clinton which may have helped him return us to fiscal responsibility. Two conservative myths bite the dust in this category. First, tax increases do NOT decrease revenue and tax cuts do not increase revenue more than tax increases. Conservatives also argue Mr. Reagan doubled revenue. This is NOT correct. In 1993 President Clinton signed into law his economic plan which called for $250 billion in tax increases and $250 billion in spending cuts. Every republican in both Houses of Congress voted against the legislation. However, after republicans took control of congress in 1995 they didn't repeal the tax increases. This fact alone suggest very strongly that their first vote was pure politics and they really didn't want to balance the budget. That vote along with the tax cuts they passed under Mr. Reagan and Mr. Bush suggest very strongly they use the government purse to buy power." members.tripod.com

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