Number one, as I pointed out, and have previously graphed, despite things like 9/11, the wars, and Katrina, the years following the tax cuts had increasing revenues and steadily increasing deficits. Nothing spectacular, no surpluses, but a steadily improving trend.
Number two, and I shouldn't have to point it out, the mortgage crisis and banking failures had nothing whatsoever to do with tax rates. The problems at GM and auto companies had nothing to do with tax rates. In fact, there are no primary causes of the recent crash that are connected to tax rates.
There is no cause and effect. In terms of things like revenues and deficit reduction, the cause and effect are there.
Is this clear? It's not the first time I've pointed it out.
If high taxes and huge government expenditures were the key to prosperity, California would be rolling in prosperity right now. Is it?
Off Topic » in reply to OK, So explain to me, again...
re: OK
The whole thread (44 posts)
- I do not understand something about *this* recession...[big surprise]
- There was well over 200 billion worth of tax cuts in that stimulus package
- Once the markers were called...
- (targeted) government spending produces more jobs than tax cuts.
- re: I do not understand something about *this* recession
- Money
- Because this time, the tax cut came first.