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

To: JEB who wrote (350725)	1/31/2003 4:22:58 PM
From: Steve Dietrich	Read Replies (8) \| Respond to of 769670

Hey Jeb, i wrote: "Reagan cut taxes: revenues fell and deficits exploded." You replied: "I see you like to make things up out of whole cloth." (http://www.siliconinvestor.com/readmsg.aspx?msgid=18489898) You called me a liar. Yet here (http://www.siliconinvestor.com/readmsg.aspx?msgid=18516811) you post an article which concedes what i said is true. Do you think it's okay to wrongly call someone a liar and just slink away hoping no one will notice? Where's that honor and integrity Bush supporters are always talking about? <<Real federal revenues grew at a faster pace after the Reagan tax cuts than after the Bush and Clinton tax hikes>> This is old and wrong. Federal revenue grew faster under Clinton than under Reagan. It also grew faster under Jimmy Carter than Reagan. Also, the economy grew faster during the Clinton presidency than under Reagan. Real revenue fell for two straight years after the Reagan tax cut and didn't get back to pre-cut levels for 4 years. And here's something you've conveniently forgotten: Reagan signed a huge tax increase in 1982: Jack Kemp called it: “the largest tax increase ever passed in American history - about $1600 for every man, woman, and child.” [St. Petersburg Times, 2/11/88] Gingrich said: "Let me just say that in the Senate Finance Committee report, page 414 and 415, it says over five years it'll raise $228 billion dollars... I think that this clearly, though, would be the largest tax increase in a recession since Herbert Hoover in 1931 and 1932. I think it is a terrible thing to do; I think it will make the economy sicker, and I think to raise taxes without first having gotten every dime of spending cuts is fundamentally not conservative." [MacNeil/ Lehrer Newshour", 8/10/82] <<What tax cuts? We’ve only seen a tax rebate.>> Also wrong. Since 2001 the lowest income tax rate has been reduced from 15% to 10%. <<Carter taxed us into a recession. Clinton taxed us into a recession.>> So how do you explain the recession of '91 which was substantially more severe than the recession of 2001? The fact is Clinton presided over a stronger and longer expansion than the one in the 80's. And instead of losing money with ever increasing deficits (as was the case in the 80's) the 90's expansion made money with ever decreasing deficits. And the 90's expansion ended in a milder recession than the 80's expansion. These too are facts. Steve