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

To: Neocon who wrote (589296)	7/9/2004 5:24:42 PM
From: Steve Dietrich	Read Replies (2) \| Respond to of 769670

Now you're going off the farm. Of course revenue was higher under Reagan than Carter. Revenues were much higher under Carter than under Kennedy, in constant dollars no less. Can you believe it? What do you think that proves? Our economy grows over time, so does our population. The relevant number is revenue growth. And according to your numbers revenue grew twice as fast under Carter than Reagan in constant dollars. Steve Dietrich

To: Neocon who wrote (589296)	7/10/2004 2:56:37 AM
From: DavesM	Read Replies (2) \| Respond to of 769670

Frankly, IMO you and Steve are engaged in pointless exercise. The fact of the matter, is that during the Carter Administration, the Country was in a period of low growth and high inflation. During the Carter Administration, the income tax structure was very progressive. This means that inflation was responsible for pushing millions of American taxpayers into higher income tax brackets - even though millions of taxpayers saw no REAL increase income. This is NOTHING TO BE PROUD ABOUT! It means that U.S. taxpayers are losing ground on inflation. For example: Real GDP grew 8.7% from 1977 to 1980, if taxes collected went up 14% in this same time period, it means that taxes went up 160% faster than the economy (out of the hands of taxpayers and into the coffers of Government). On the other hand, during the Reagan Administration, real GDP growth was 27%, while tax receipts went up 15%.