healthmyths
Platinum Member
- Sep 19, 2011
- 29,327
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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
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!
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!
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%
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!