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| *Loan,banking and credit>>>tax revenue |
How can people still believe that the Bush tax cuts increased revenue? |
Can people not do math? Can they not count the massive deficits? Look at the facts in this table: http://www.taxpolicycenter.org/taxfacts/... Inflation-adjusted revenue was less than 2000 numbers all the way until 2006. And if you consider that, with no tax changes, revenues tend to go up 2-3% per year, today's revenues are 12-15% lower than they would have been with no tax cuts. The Laffer Curve is just that: Laughable. http://finance.yahoo.com/expert/article/... They don't have sufficient information to see that this is the case; they only have Republican repetitions that tax cuts bring more revenue. Thanks for the links, comprehensible economic info is difficult to find. Increase cost of goods and services > tax cuts. What we've gotten in the past several years hasn't been a tax cut, it's been a tax INCREASE. If the Dems would have campaigned on this point they could have done better in '04. obviously you haven't studied under Nobel Prize winners. By the way, 2000 had those huge capital gains tax inflows. Those taxes were based upon profits that never ever materialized. So, Bush was fighting an uphill battle to overcome those figures. Did you know that? Did you think about pointing it out? Clinton set recent records for sucking so much revenue out of our GDP. Clinton leeched over 20% of GDP for 3 years in a row. No other president in recent history sapped so much out of American people. Your data is simply incorrect. Tax receipts are up dramatically since the Bush tax cuts. It has happened every time there has been a significant tax cut..... even during the Clinton administration. I wonder if I put a link up to the heritage foundation if said poster would say, doesnt count its a biased site. some reason I dont think that needs to be answered. edit. notice I didnt try to argue if it did or not. there is a reason for this. economics 101 tells you the biggest problem with comparing time frames with one or two actions by the government is against causation and coorolation. there is no way to say for sure how and why things happen in an economy this big. If you would listen to the explanation from the chief economic strategist of the CBO he has said many times the revenue is up but they cant for sure say why. there is always a grey area that is not physically able to prove this is called human factor. they dont say that because statisticly they cant prove it. and the CBOs job is to show statisticaly with NO biases. I dont think that is entirely possible but they try. I suggest if you are really interested in the economy you do more studying and less "The Laffer Curve is just that: Laughable" political hackery. its pretty lame.. and decreases any credibility obvious answer to brookings institute link http://www.heritage.org/research/taxes/w... hey look they use the omb numbers too.... interesting.... http://www.heritage.org/research/budget/... Unless otherwise noted, all 2007 budget data comes from the Office of Management and Budget, "Mid-Session Review: Budget of the U.S. Government: 2008," July 11, 2007, at http://www.whitehouse.gov/omb/budget/fy2... All pre-2007 budget data comes from the Office of Management and Budget, "Budget of the United States Government: 2007 Historical Tables," Tables 1.2, 1.3, 2.2 http://www.cbo.gov/ftpdocs/77xx/doc7731/... These same people believe that magical pixies will rescue us from the impending recession. |
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