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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (625371)	8/21/2011 6:00:46 PM
From: Alighieri	Read Replies (1) \| Respond to of 1573413

In 1993, Clinton raised taxes on upper-income Americans, boosting the top rate to nearly 40 percent. But the higher tax rates didn't boost government revenues as Democrats and the administration hoped, despite the economy coming out of a short and shallow recession. "The tax increases added very little to Treasury receipts despite their magnitude. Reports from the Congressional Budget Office and the Office of Management and Budget, and the Internal Revenue Service all agree," high-tech analyst Jerry Shenk writes on the American Thinker website. But the data actually shows otherwise....fed revenue grew steadily from 1993 to 2000...the growth is very clear and very linear... So tell me, if the relationship between low cap gain taxes and the economy is so clear to you and this fellow you quote, why is the economy not booming? Look at the effect in 2001 to 2005....and now... Al