Proof Bush TAX Cuts INCREASED Revenues!

[Truthmatters]

they never learn

 

[DiamondDave]

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%

• 2000 was the last year before the first Bush tax cut in 2001 and revenue in 2000 was $2.31 trillion. In 2008 revenue was $2.288 trillion. So after 8 years revenue was DOWN which in the CON$ervoFascist Brotherhood bizarro-world that means revenue was up as a result of Bush's tax cuts.

Ummmm.. you forget the economic downturn due to the dot.com bust and the fact that the tax cuts did not take effect immediately??

Of course not.. you are about as dishonest as TDM

 

[Truthmatters]

what date did the Bush tax cuts of july 2001 start?

 

[Truthmatters]

Economic Growth and Tax Relief Reconciliation Act of 2001 - Wikipedia, the free encyclopedia

 

[Katzndogz]

Revenue always increases when taxes are cut. Charles Gibson tried to point this out to obama during the debate with McCain.

 

[Truthmatters]

File:Impact of Bush Tax Cut Extension.png - Wikipedia, the free encyclopedia

 

[Truthmatters]

Revenue always increases when taxes are cut. Charles Gibson tried to point this out to obama during the debate with McCain.

go get some proof

 

[Truthmatters]

File:Impact of Bush Tax Cut Extension.png - Wikipedia, the free encyclopedia

Look at this chart of budget surpluses under Bush.

the biggest tanking in history?

 

[NYcarbineer]

Revenue always increases when taxes are cut. Charles Gibson tried to point this out to obama during the debate with McCain.

lol, except for 1982, 1983, 2002, 2003, 2008, 2009. Year over year revenue decreases.

Of course then you have Clinton's tax increase in 1993, followed by SEVEN STRAIGHT YEARS OF REVENUE INCREASES.

 

[Caroljo]

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

It is a Single Cause Fallacy to state the Bush tax cuts are the sole reason GDP and revenues rose.

Did you go backwards into the Clinton years and see if revenues and GDP increased during the Clinton Administration? You will find that receipts as a percentage of GDP rose during Clinton and plummeted during Bush. You will find that growth in taxable income rose after the Clinton tax increase, plummeted in the 2001 recession, then began climbing again after 2002.


Did you know in the 8 years of Clinton over 20 million jobs were created, and yet only 3 million were created in Bush's 8 years?

You will not find a perfect correlation between tax rates and all of these outcomes.

.

Did Clinton have disasters like 911 or Katrina? I think INCREASING jobs by 3 million is a pretty good number. We lost a LOT of jobs because of these, but yet Bush had an increase of 3 million? GOOD JOB BUSH!

 

[Polk]

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

It is a Single Cause Fallacy to state the Bush tax cuts are the sole reason GDP and revenues rose.

Did you go backwards into the Clinton years and see if revenues and GDP increased during the Clinton Administration? You will find that receipts as a percentage of GDP rose during Clinton and plummeted during Bush. You will find that growth in taxable income rose after the Clinton tax increase, plummeted in the 2001 recession, then began climbing again after 2002.


Did you know in the 8 years of Clinton over 20 million jobs were created, and yet only 3 million were created in Bush's 8 years?

You will not find a perfect correlation between tax rates and all of these outcomes.

.

Did Clinton have disasters like 911 or Katrina? I think INCREASING jobs by 3 million is a pretty good number. We lost a LOT of jobs because of these, but yet Bush had an increase of 3 million? GOOD JOB BUSH!

I often hear this claim that the Bush era economy sucked because of 9-11, but that explanation doesn't make sense.