Carla_Danger
Platinum Member
Business not only creates jobs, it creates wealth. Government uses some of the wealth to operate. The deeper it digs into the pockets of business the worse the economy gets. Morons blame business.
Facts not in evidence.
Yeah, there is no evidence in reality.
Two largest tax increases in the history of this nation occurred under Bush Sr and Bill Clinton and that was followed by 20 million new jobs being created.
The massive tax cuts under Bush Jr resulted in a net zero job creation. Even when you factor out the economic collapse there is zero evidence that tax cuts produced any jobs.
The Truth About The Bush Tax Cuts And Job Growth - Forbes
So the "evidence in reality" is that increasing taxes does NOT harm the economy.
So let's raise them to 60% then. 70%? Hell, let's just do 80%, because according to you increasing taxes does not hurt the economy.
Reagan lowered the top rate from 70% to 50% and then eventually to 28%. The 80s saw a period of substantial growth following this that ultimately carried into the 90s. Clinton also cut capital gains taxes. Additionally, Bush Sr and Clinton presided over the dawn of the tech boom which fueled the economy throughout the 90s even faster. Bush Jr cut taxes and that lead to an increase in federal revenue pulling us out of the recession caused by the burst of the tech bubble and made worse by 9-11.
Taxes do affect economic growth, but they are not the only factor.
Our largest growth period was in the 50's and 60's when taxes were much higher.