GWB tax cuts = largest revenue growth to follow in history

Discussion in 'Politics' started by JRK, Apr 30, 2012.

  1. JRK
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    JRK Senior Member

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    DWYER: Bush tax cuts boosted federal revenue - Washington Times
    But the real jolt for tax-cutting opponents was that the 03 Bush tax cuts also generated a massive increase in federal tax receipts. From 2004 to 2007, federal tax revenues increased by $785 billion, the largest four-year increase in American history. According to the Treasury Department, individual and corporate income tax receipts were up 40 percent in the three years following the Bush tax cuts. And (bonus) the rich paid an even higher percentage of the total tax burden than they had at any time in at least the previous 40 years. This was news to theNew York Times, whose astonished editorial board could only describe the gains as a “surprise windfall.”

    Lose jobs
    lose wall street wealth
    you lose taxable income
    Not Tax Policy as this was proved as well as job growth until the credit bubble busted



    You wonder why BHO has ignored those jobs in this jobless recovery?
     
    Last edited: Apr 30, 2012
  2. Darkwind
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    Darkwind Gold Member

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    Not really a surprise.

    Tax cuts stimulate business growth. Business growth turns into more revenues and more revenues means more taxes.

    I is astonishing that the economy grew all through Bushes term, but the economy began to sicken and die when Democrats were elected in 2006. By the end of Bushes term, the Democrats has managed to destroy 5 solid years of growth. We still haven't recovered from their mismanagement of government to this day.
     
  3. bucs90
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    bucs90 Gold Member

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    Obama raising taxes isn't about good money sense. It's about vengence and anger against the "haves", or who they simply dont like.
     
  4. uscitizen
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    uscitizen Senior Member

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    And yet Wages were essentially stagnant and this is a consumer spending based economy.
    Andf even with such growth in revenues Bush still overspent by around 5 trillion.

    Not really anything to be proud of.
     
  5. NYcarbineer
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    NYcarbineer Diamond Member

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    Have they forgotten that revenues fell in 2008. Dramatically?

    Have they forgotten that Bush ballooned the deficits pumping billions of borrowed dollars worth of government spending into the economy?

    Have they forgotten that we are still operating under the Bush tax cuts? Every bad thing that has been blamed on Obama, as it relates to taxes, goes right at the Bush tax cuts.
     
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  6. NYcarbineer
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    NYcarbineer Diamond Member

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    Someone explain why revenues grew for a longer time, in years, after the Clinton tax increases.
     
  7. JRK
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    JRK Senior Member

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    Would you PLEASE do some DD before you vote again
    GWB added 700 billion through 08 budget, thats all
    2009 he added about 300 more billion
    BHO added the same or more in 09, and then added another 500 billion in 2010
    Your talking Debt, not sepnding
    And GWB only added 2.5 trillion the debt thru 08 and another 1.25 in 09
    50% of 09 was BHO
    President Bush presided over a $2.5 trillion increase in the public debt through 2008. Setting aside 2009 (for which Presidents Bush and Obama share responsibility for an additional $2.6 trillion in public debt), President Obama’s budget would add $4.9 trillion in public debt from the beginning of 2010 through 2016.
    which we know turned out to be allot more
    The Truth about Obama's Budget Deficits, in Pictures
    The Obama Budget: Spending, Taxes, and Doubling the National Debt
    Federal Spending By the Numbers 2008
    President Bush expanded the federal budget by a historic $700 billion through 2008. President Obama would add another $1 trillion.
     
  8. uscitizen
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    uscitizen Senior Member

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  9. NYcarbineer
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    NYcarbineer Diamond Member

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    Obama extended the Bush tax cuts and added to them.

    How did that work out? Has that been a success? Is the deficit plummeting?
     
  10. AmericanFirst
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    AmericanFirst Gold Member

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    You are right, after the 2006 elections when the dimwits took control of congress, when the downfall started, it is nothing to be proud of. Dimwits fault, stop blaming Bush.
     

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