The entire stock market went up, remember? Tax increases did not kill investment.
The stock market over the entire course of Clinton's presidency was up 200%. And the budget was balanced.
Bush got elected, abandoned PAYGO, cut taxes, and...
triple digit deficits returned and and the stock market ended lower by the time Bush left than it was when he became president.
That is why you never elect Republicans, if you have any sense.
The tax rates under Clinton were remarkably lower than they were when Reagan took over in 1981 and the 80s is what started the economic growth that ultimately bloomed the dot com boom. People had cell phones in the 1980s, but they were only affordable for the wealthy and the Internet was not public. Producing those technologies eventually became less costly in the 90s which is what allowed you, me, and everyone else to start buying cell phones and subscribing to Internet services, hence, the dot com boom.
As I said before, tax rates had nothing to do with it and aren't the only driver of an economy. We had a technology evolution during that time period which superceded the small elevation in income taxes, but if that's the metric you want to use then let's give credit where credit is due and that would be Reagan's 28% top rate which was in effect when all of these things were in their infant stages of development during the 1980s.