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Politics : Formerly About Advanced Micro Devices
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To: RetiredNow who wrote (544596)1/17/2010 11:41:44 PM
From: i-node  Read Replies (1) of 1579785
 
>> Cut taxes and you get less tax revenue.

I have been over this so many times on this thread I'm really hesitant to waste the time again.



Revenue nearly doubled over the Reagan years, which included massive tax cuts near the end.

Growth in tax revenue came to a standstill beginning IN THE VERY MONTH in which Bush 41 broke his "no new taxes" pledge, and a recession ensued. Coming out of that recession, growth was a full percentage point LESS than it would have been after Clinton raised taxes. And after Newt/Clinton cut taxes in the 2nd half of the 90s revenue soared. Plus the examples you gave.

Now, I'm not going over this crap again. This is at least 4-5 times I've detailed it here. If you aren't a supply sider, fine. But the evidence is not really subject to challenge. I would also point out that you can go back to the JFK cuts and see the same thing.

This is basic economics, which you have shown time and again you have not the slightest understanding about.
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