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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (531321)	11/22/2009 4:15:28 PM
From: RetiredNow	Read Replies (1) of 1574734

Except that Clinton/Gingrich increased taxes and so did Reagan. And it was the Wall Street Journal that I used as a source. Do you want to tell me that this is a liberal rag as well? Vote for Clinton’s Economic Program Becomes The Platform for Often-Misleading GOP Attacks Contrary to Republican claims, the 1993 package with a $240 billion tax increase is not "the largest tax increase in history." The 1982 deficit-reduction package of President Reagan and Sen. Robert Dole in a GOP-controlled Senate was a bigger tax bill, both in 1993-adjusted dollars and as a percentage of the overall economy; and both recent laws are dwarfed by the tax bills of World War II. Moreover, except for a small gasoline-tax boost and an increase for the best-off Social Security recipients, the tax increases in last years bill mostly didn’t touch the middle class but hit the wealthiest 1.2% of Americans. GOP candidates also ignore the bill’s tax cuts for individuals and businesses, and nowhere do they describe the plan as a $433 billion, five-year deficit-reduction package. "It’s the silly season. People are running for office, and people who run for office say silly things," says Carol Cox Wait, a former top GOP aide on the Senate Budget Committee who now heads the Committee for a Responsible Federal Budget… In all but 11 of the 435 House districts, more taxpayers were eligible for an income-tax cut than got a tax boost… Even in those 11 districts… more than three-quarters of the people saw no change at all in income taxes. —WALL STREET JOURNAL, October 26, 1994, A22.

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