- Oct 20, 2013
- 55,946
- 17,832
- 2,250
And now Trump has cut taxes, and the economy soared.You cons are delirious. Bush raised taxes during a recession. After taxes were raised, the economy improved and we came out of the recession in March, 1991, nearly 2 years before Bush left office.
GDP:
1990Q4 -3.6 <-- tax hike, 11/1990
1991Q1 -1.9
1991Q2 3.2
1991Q3 2.0
1991Q4 1.4
1992Q1 4.9
1992Q2 4.4
1992Q3 4.0
1992Q4 4.2 <-- what you called, "economic downturn"
Then Clinton came in, raised taxes more, and the economy soared.