GWB tax cuts = largest revenue growth to follow in history

[JRK]

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?

 

[Darkwind]

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?

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.

 

[bucs90]

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

 

[uscitizen]

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?

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.

 

[NYcarbineer]

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.

 

[NYcarbineer]

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

 

[JRK]

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?

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.

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.

 

[uscitizen]

Government - Historical Debt Outstanding - Annual 2000 - 2010

09/30/2000 5,674,178,209,886.86
09/30/2008 10,024,724,896,912.49

 

[NYcarbineer]

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

Obama extended the Bush tax cuts and added to them.

How did that work out? Has that been a success? Is the deficit plummeting?

 

[AmericanFirst]

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?

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.

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.

 

[AmericanFirst]

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.

Thanks to a dimwit congress Bush couldn't fight. Blame the dimwits.

 

[Darkwind]

Government - Historical Debt Outstanding - Annual 2000 - 2010

09/30/2000 5,674,178,209,886.86
09/30/2008 10,024,724,896,912.49

Bushes fiscal year did not begin until October 1, 2001 and ended September 30, 2009.

Bush added nearly 4.5 trillion to the national debt during his EIGHT YEAR reign.

Obama has added nearly 4 trillion debt in less than FOUR years.

11,909,829,003,511.75 on 09/30/2009. A but higher on October 1st, 2009, but lets not quibble.

Today:

15, 694,129,500.000.00


http://www.usdebtclock.org/

 

[Old Rocks]

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?

Really? Then why the rapid rise in the National Debt under Bush. After all, if we had that big of an increase in tax reciepts, why was there an increase in the debt?

 

[starcraftzzz]

ROTFL. Nice cherry picking dumbass
After the Bush tax cuts it took 6years of inflation and GDP growth before tax revenue surpassed 2000 levels. And tax revenue as a percentage of GDP fell by 30%, furthermore tax revenue growth under Bush the 30% less then in the 90's. So basically the reason you are posting the things you post is because you are either to stupid to even under stand what you posting or you are deliberately being dishonest

Historical Federal Receipt and Outlay Summary

 

[Darkwind]

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?

Really? Then why the rapid rise in the National Debt under Bush. After all, if we had that big of an increase in tax reciepts, why was there an increase in the debt?

It is called spending....Bush was a huge disappointment in the spending department.

 

[uscitizen]

But it just cannot be bush's fault! It just can't be!

 

[AmericanFirst]

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?

Really? Then why the rapid rise in the National Debt under Bush. After all, if we had that big of an increase in tax reciepts, why was there an increase in the debt?

It is called spending....Bush was a huge disappointment in the spending department.

Obamaturds spending far outweighs Bush's. But, that doesn't matter with the idiot left.

 

[Darkwind]

But it just cannot be bush's fault! It just can't be!

And Obama just can't be responsible for any of it...he just can't!

 

[Darkwind]

Really? Then why the rapid rise in the National Debt under Bush. After all, if we had that big of an increase in tax reciepts, why was there an increase in the debt?

It is called spending....Bush was a huge disappointment in the spending department.

Obamaturds spending far outweighs Bush's. But, that doesn't matter with the idiot left.

Any government spending that is outside its means is bad spending. Regardless of who is President.

This government needs to be put on a starvation diet, pronto.

 

[sealybobo]

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?

But all that revenue growth went to the top 1%. You righties are dumb. I'm sick of arguing with you liars. Now Romney says saving GM was his idea? Is America dumb enough to vote for Romney? Not a fucking chance.