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: JakeStraw who wrote (384245)	4/2/2003 12:44:07 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 769670

A vote to be proud of - helped create the best and longest period of prosperity in US history.

To: JakeStraw who wrote (384245)	4/2/2003 1:01:30 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 769670

Sorry, not even close. Tax increases under FDR, Reagan, and Bush I were all larger... to mention just a few. (I think the Clinton era tax increase comes in at about #4 on the 'biggest' list). Also: * President Clinton led the fight to pass GATT, which lowers tariffs worldwide by $744 billion over ten years -- THE LARGEST INTERNATIONAL TAX CUT IN HISTORY. GATT cuts tariffs on manufactured goods by more than one-third overall and eliminates tariffs in major markets in a number of sectors in which the U.S. is particularly competitive. * As part of the 1993 Economic Plan, President Clinton cut taxes on 15 million low-income families (Earned Income Tax Credit cut taxes of 15 million working families with incomes of $27,000 or less) and made tax cuts available to 90 percent of small businesses, while raising taxes on just 1.2 percent of the wealthiest taxpayers. Passed without one Republican vote, many Republicans predicted exploding deficits and a tanking economy... instead the greatest addition of jobs, and the largest deficit reductions since WW II resulted: * President Clinton signed into law the largest deficit reduction plan in history, resulting in over $600 billion in deficit reduction. The deficit declined for 3 years in a row for the first time since Harry Truman was President.