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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (511283)9/8/2009 3:25:40 PM
From: i-node  Read Replies (1) of 1579060
 
For you thesis to be correct, when Reagan raised taxes, the economy should have slowed. Just the opposite occurred. And when Clinton did it, ditto. It didn't happen again. Which means you are FOS.

I won't focus on the specific allegation but address it below*. Because you'll just argue your way out of it. BUT EVERY ECONOMIST OTHER THAN THE LEFT WING NUTJOBS LIKE KRUGMAN KNOWS THAT CUTTING TAXES CAUSES A SURGE IN ECONOMIC GROWTH. The evidence is overwhelming. Every significant tax cut in the last 100 years (or more) has come with a surge in economic growth, in tax revenue growth, investment and employment. There really isn't any doubt about this amongst persons who are informed.

*While there were some tax increases under Reagan, NEVER did those increases TOUCH the cuts generated by ERTA. So, while you and others would claim that TEFRA was an increase, it was effectively a reduction in ERTA since ERTA had not become fully effective when TEFRA was passed.
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