Proof Bush TAX Cuts INCREASED Revenues!

How many times have we heard.."Bush Tax cuts cost revenue..." On the contrary ... here are the facts!

Someone should prove differently with the facts but the facts are
after the Bush tax cuts were in affect FEDERAL REVENUE INCREASED!!!

The tables are here:
http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?Docid=200]Historical Federal Receipt and Outlay Summary

I've added the percent loss/growth

• Year Revenues adjusted 2005
• 2000 $ 2,310
• 2001 2,215 - $95 -4.1% (Dot.com bust,recession, 9/11 nearly 800,000 jobs lost)
• 2002 2,026 -$189 -8.5%
• 2003 1,901 -$125 -6.2% tax cuts start taking affect..
• 2004 1,949 $ 48 2.5%
• 2005 2,153 $204 10.5%
• 2006 2,324 $171 7.9%
• 2007 2,414 $ 90 3.9%
• 2008 2,288 -$126 - 5.2%

Average per year revenue increase or decrease per year 0.1% EVEN AFTER dot.com bust, recession, 9/11 attack and worst hurricane SEASONS!!!

Swing in revenue from worst loss of 8.5% to best gain 10.5% or almost 19% differential... WHY???

SO then my point is still valid! When the tax cuts went in place REVENUE increased! even more then Clinton's best year!
In fact 2007 was the best in history!!!

And this happened because the Gross Domestic Product increased!

• Year Gross domestic product
• 2000 $ 9,951
• 2001 10,286 $598 6.3% (Dot.com bust,recession, 9/11 nearly 800,000 jobs lost)
• 2002 10,642 334 3.3%
• 2003 11,142 499 4.7% tax cuts start taking affect..
• 2004 11,867 725 6.5%
• 2005 12,638 770 6.4%
• 2006 13,398 760 6.0%
• 2007 14,077 678 5.0%
• 2008 14,369 291 2.0%

If YOU'd like me to explain WHY this works just ask!!!

I'm sure if you are an intellectually HONEST person maybe you'll come to the same conclusion I did... YOU CAN"T TRUST THE MSM to tell the truth!

 

Come on you intellectually HONEST people... REFUTE the facts that the tax cuts INCREASED revenues! Increased GDP!

And when you increase GDP you increase tax revenue because while the percentages (Bush cuts..) were lowered, GDP grew meaning the economic PIE grew!
Most liberals/anti-business people though are like growling pack of dogs who only see the meat in front of them never seeing the bigger PIE!
As a result most liberal/antibusiness ONLY action is to grab more, rather then work to InCREASE the pie!

If these people would just take the time to look at the math!
A slice of pie that is equal to say 25% of the pie GETS BIGGER if the PIE gets BIGGER!
The % doesn't change... the volume does!
So too in the GDP PIE!
Increase GDP.. and even lower the % will always INCREASE the volume of the slice of pie as long as the PIE/GDP continues to grow!

So what makes the GDP/Pie grow is jobs and consumers !
simple as that!!!

 

Good luck getting a Leftist to acknowledge that Federal tax revenues, GDP growth and employment accelerated after each and everytime a POTUS employed the technique.

 

You can use the same argument to 'prove' that Clinton's tax INCREASES increased revenues.

 

Revenues increase coming out of recession whether you cut taxes or not.

What increased because of Bush's tax cuts were the deficits.

 

Only spending what one does not have can create deficits.

Didn't they teach you how to run a checkbook in high school?

 

Tax Policy Center - Wikipedia, the free encyclopedia

 

FactCheck.org : Sessions Wrong on Bush Tax Cuts

 

When you take a couple of words from a quote and surround them by a couple sentences of rhetoric, you are obvious perping a lie.

Imagine that.

Sessions was of course talking about what happened after both tax cuts were in place.

 

Revenues increase coming of recession whether you cut taxes or not.

What increased because of Bush's tax cuts were the deficits.