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Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (14675)	3/17/2010 7:41:58 PM
From: TimF	Read Replies (1) \| Respond to of 42652

The first dip stayed in the normal range of percentage of GDP from income taxes (and it was income taxes that where cut), 1.bp.blogspot.com and only slightly and temporarily went outside the normal range for all taxes. The 2nd dip doesn't show up in the income tax data (since it only goes to 2006). It does drop outside the range for total tax income but that's the result of the recession. Tax rates where not cut just before this dip. The dips don't strongly support your argument, but that doesn't change the fact that its fairly obvious that the tax cut did reduce revenue, and anything that reduces revenue effectively contributes to the deficits. But they reduced revenue to an amount that was still in, or just barely and temporarily outside, the normal range. Meanwhile spending kept going up as a percentage of GDP, at least since 2001 (with total government spending at all levels growing steadily before that), and is projected to go up even more. See usgovernmentspending.com heritage.org Laissez-Faire, eh? U.S. government spending as a percentage of GDP is now equal to Canada's and rising, leading one Canadian op-ed writer to crow about Canada's low tax, free market economy. Damn that hurts. marginalrevolution.com