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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (544441)1/17/2010 9:59:13 PM
From: RetiredNow  Read Replies (1) of 1579777
 
Thx. I went back and looked at the percentages of US tax revenue per GDP and found that our only two surplus years, at the end of Clinton's Presidency and at the beginning of Bush's, occurred when the percentage was 35% & 37%. After Bush's tax cuts, the percentage dropped to 30% and the surpluses disappeared.

At least in the short run, the cause and effect seems pretty cut and dried. Cut taxes and you get less tax revenue. In fact, going back to 1980, there were only two year over year dips in tax revenue. The first was in 2002 and the second was in 2004. Well, guess what? Bush cut taxes in 2001, again in 2002, and again in 2003? His tax cuts directly lead to the only tax revenue decreases since 1980.

The analysis I did above was from the link you gave me:
usgovernmentrevenue.com
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