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Politics : Formerly About Advanced Micro Devices
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To: Alighieri who wrote (679303)10/17/2012 2:27:47 PM
From: i-node  Read Replies (1) of 1572969
 
clinton's tax increase was followed by a long and unprecedented period of prosperity (and, more directly causal, a budget surplus)


Actually, Clinton's tax increases in the early 90s served to slow growth over what would have been expected coming out of the recession. One can easily see that the real surge in growth occurred AFTER Clinton reduced taxes in his second term.

As to what "caused" the near surplus (there was never a surplus), there were three causes and each shared about 1/3 of the responsibility: (a) The Peace Dividend from Reagan winning the Cold War, (b) the increased economic growth resulting from the tax cuts, and (c) reduced spending resulting from the Contract With America.



while bush's tax cuts preceded an economic collapse...

You might also want to refer to tax revenue by year:



Economic collapse or not, it is clear that Clinton's tax cuts as well as Bush's tax cuts both resulted in huge revenue surges. I just don't know how anyone can argue otherwise given the above.
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