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

To: Neocon who wrote (130073)	3/2/2001 3:31:06 PM
From: Nadine Carroll	Read Replies (2) \| Respond to of 769667

I am not sure how much credit I would give to Clinton for fiscal discipline, which I think was imposed on him by Congress My memory says that fiscal discipline began to be imposed with the 1993 budget, which was Clinton's, with limited changes from Congress, and it passed without a single Republican vote. The GOP howled in chorus that the tax increases, particularly raising the top bracket to 39%, would cause a recession. Didn't happen. Actually, there's remarkably little evidence that changing tax policy has any effect on the economy, at least at the level of changes that have actually been practiced. (Obviously if you raised taxes to 95% and productivity halted or dropped them to 0% and let the government dissolve, it would have an effect)