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Politics : President Barack Obama
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To: Kenneth E. Phillipps who wrote (16833)4/9/2008 9:11:02 AM
From: michael97123  Read Replies (1) of 149317
 
so you think the tax increase itself caused the economy to boom?
Thats ridiculous. The preconditions for boom were all in place post early 90s recession. I dont have a clear memory of when recession ended and when tax increase took place but i bet at worse we were already clearly coming out of it.
BTW if we indexed wages for inflation we wouldnt be going back to 39.6% for the exact same wage amount as in 93. If the 39.6 bracket started at X back then, it should start at 1.5X given inflation.
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