Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: phyxter who wrote (33190)	8/29/2000 11:02:53 PM
From: DMaA	Respond to of 769667

Not so ironically ( if you understand economics ) when Reagan cut taxes, tax revenues doubled. Predictably, you ignore that fact or are ignorant of it. as proven during the Reagan years, lower tax percentages can provide a clear road to insolvency,

To: phyxter who wrote (33190)	8/29/2000 11:15:15 PM
From: Frank Griffin	Read Replies (1) \| Respond to of 769667

phyxter, The President proposes and the Congress disposes. Unfortunately, Reagen had a democratic, tax and spend congress. Clinton, to his benefit, since 1994 had a more careful and frugal Republican Congress who kept some reins on Clinton. The President doesn't control the majority of the purse strings, the Congress does. Of course, I guess you could credit Clinton, while he had a democratic congress in 1993 with passing the largest tax increase in the history of the United States.

To: phyxter who wrote (33190)	8/29/2000 11:20:59 PM
From: greenspirit	Read Replies (1) \| Respond to of 769667

phyxter, perhaps you can explain this chart to us 'cats and dogs falling from the sky types'. Tax rate reductions do not necessarily mean less revenues are coming into the government coffers. We are dealing with human behavior over a vast economy here, not some simplistic linear grade school exercise. The same thing happened "twice" in the last two decades in regard to capital gains reductions. Remember when the Democrats and the President kept whining that reducing capital gains was a give away to the rich, that would cause the deficit to surge? Heck, it was only a few years ago. Well guess what? Capital gains revenues actually increased (quite dramatically as a matter of fact) AFTER the tax cuts. heritage.org And by the way, the rich payed MORE taxes after Reagan lowered the marginal rate in the 80's. heritage.org These are not even disputable. They are simple facts which have been distorted by the mainstream media for years. NO serious economist disputes these findings.