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 : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Sam who wrote (168408)	8/8/2011 6:55:14 PM
From: Brumar89	Read Replies (1) \| Respond to of 544045

If "revenue" is the problem, why did Obama and the Pelosi-Reid Congress not raise taxes 8 months ago?

To: Sam who wrote (168408)	8/8/2011 7:14:05 PM
From: mistermj	Read Replies (3) \| Respond to of 544045

But the so called Bush tax "cuts" saw a $400 Billion increase in tax revenue over the next four years. Real tax revenue growth. It increased revenue from more taxes being collected in TOTAL. (GDP growth) Look at Federal receipts in 2003 (Bush tax cuts passed) in constant 2005 dollars: $1.9 trillion. Then look at 2008 (the last budget that President Bush signed) also in constant 2005 dollars: $2.3 trillion. This is what lefties just don't get...or won't admit. You can look at the numbers here yourself... taxpolicycenter.org