bripat9643
Diamond Member
- Apr 1, 2011
- 170,170
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The claim that the economy boomed because of Clinton's tax increase is too absurd for discussion. Before anyone wastes a second of his time discussing that, please explain how tax increases make the economy grow. How does taking money from productive people and giving it to useless parasites help the economy? I'm just dying to know how anyone can rationalize this idea.
FALSE PREMISES, DISTORTIONS AND LIES, THE ONLY THING RIGHT WINGERS HAVE
The posit again
"Of course there's the Clinton tax increase that did not inhibit growth and was followed by a balanced budget"
YOUR posit was after Dems/BJ Bill's tax increase, the economy went into a recession, 7+ years later? LOL
Nope. Allow me to quote:
No, the 1993 tax increase where BJ Bill and the Dems, without a single GOPer voting for it, created 3 new tax brackets and took the top rate from 31% to 39.6% and saw the economy boom and deficit lowered.In other words, Clinton's tax increase made the economy boom. Now explain how a tax increase makes the economy grow. We're all dying to have a good laugh over your explanation.
Yep, you keep proving how dumb you are. WHERE did I say thanks to tax increases the economy boomed? My posit, was in answer to YOURS that said it lead to a recession? Weird you don't get that
"The deficit has come down, and I give the Clinton Administration and President Clinton himself a lot of credit for that. [He] did something about it, fast. And I think we are seeing some benefits."
— Paul Volcker, Federal Reserve Board Chairman (1979-1987), in Audacity, Fall 1994
"Clinton’s 1993 budget cuts (deficit reduction, tax increases and cuts), which reduced projected red ink by more than $400 billion over five years, sparked a major drop in interest rates that helped boost investment in all the equipment and systems that brought forth the New Age economy of technological innovation and rising productivity."
— Business Week, May 19, 1997
I said the Bush tax increase led to a recession, Nimrod.
LOL, Sure it did Bubba, NOT 12 years of GOP blowing up spending WHILE cutting revenues, even Poppy's small tax increase couldn't help/ Ever hear of Biz cycles Bubba? lol
Huh?