02-27-2018, 08:57 PM
|
 |
Senior Member
|
|
Join Date: Mar 2013
Location: Sierras
Posts: 14,206
|
|
Quote:
Originally Posted by Dondilion
Could you please expand.
|
Quote:
|
In 1990, President George H. W. Bush raised taxes, and GDP growth increased over the next five years. In 1993, President Bill Clinton raised the top marginal tax rate, and GDP growth increased over the next five years. In 2001 and 2003, President Bush cut taxes, and we faced a disappointing expansion followed by a Great Recession.
|
Similar case can me made for the Reagan era and predictions are dire for the Trump tax cuts.
Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds
https://www.theatlantic.com/business...-finds/262438/
__________________
White Christian Nationalism:
Freedom for us, order for everyone else, and violence for those who transgress.
|