JFK agrees. Raising Taxes Doesn't Add Revenue

Something the Dog Said wrote: First thing Clinton did upon taking office was to raise taxes which lead to the greatest economy growth in modern history.

Reagan during the recession in 1982 also raised taxes which lead to improvement in the economy. The economy after both presidents raised taxes added 40 million new jobs.

Seriously? The dot com boom landing in his lap had nothing to do with it? And watch the video. He LOWERED the capital gains tax in 1997 (Under Republican congress), and the revenue grew HUGE and THAT is when we came out of the red!

You want reality? Look at this chart! Look at when the Red controlled both houses both under Cliinton and Bush. THAT is when the debt leveled off or went down. With the Blue congress under Reagan it was going up. It was going up under Clinton too until the Red took over one house in 1995 and both in 1997. Then it came down! And even with 9/11 it stayed pretty level under Bush until the Blue took over in 2007 and then look what happened when you throw in the Blue Obama! Now that the Red has taken over at least one house, it has slowed down Obama a bit. Facts are Facts!

Look from 87-94 with the Dems in control of all spending bills and both houses, how the debt grew by about 15%. Then from 95-2006 with Republicans in control of at least one house and most of the time both, it actually decreased the debt by about 3% over those 11 years (5 under Clinton and 6 Under Bush). Then the Dems took over in both houses in 2007 again and in 4 years our debt has grown 30%+ especially after Obama joined in to sign everything they wanted! Now that the Republicans have taken over the house, you can see it leveling off again. It's all in the numbers.

I figured no Liberals would have an answer to this chart.

The Viking wrote: You want reality? Look at this chart! Look at when the Red controlled both houses both under Cliinton and Bush. THAT is when the debt leveled off or went down. With the Blue congress under Reagan it was going up. It was going up under Clinton too until the Red took over one house in 1995 and both in 1997. Then it came down! And even with 9/11 it stayed pretty level under Bush until the Blue took over in 2007 and then look what happened when you throw in the Blue Obama! Now that the Red has taken over at least one house, it has slowed down Obama a bit. Facts are Facts!

Look from 87-94 with the Dems in control of all spending bills and both houses, how the debt grew by about 15%. Then from 95-2006 with Republicans in control of at least one house and most of the time both, it actually decreased the debt by about 3% over those 11 years (5 under Clinton and 6 Under Bush). Then the Dems took over in both houses in 2007 again and in 4 years our debt has grown 30%+ especially after Obama joined in to sign everything they wanted! Now that the Republicans have taken over the house, you can see it leveling off again. It's all in the numbers.

Oh and in case I forgot to mention it, the unemployment rate stayed in the 5% range or better for most all of the time the republicans were in control of both houses under Clinton and Bush. Then the Blue took over and it is now staying over 9%. Coincidence? I don't think so!

Well fine then. I'm convinced. We need to cut taxes to 0% on everyone in order to have the biggest amount of revenue coming in. What are we waiting for?

The Viking wrote:

The Viking wrote: You want reality? Look at this chart! Look at when the Red controlled both houses both under Cliinton and Bush. THAT is when the debt leveled off or went down. With the Blue congress under Reagan it was going up. It was going up under Clinton too until the Red took over one house in 1995 and both in 1997. Then it came down! And even with 9/11 it stayed pretty level under Bush until the Blue took over in 2007 and then look what happened when you throw in the Blue Obama! Now that the Red has taken over at least one house, it has slowed down Obama a bit. Facts are Facts!

Look from 87-94 with the Dems in control of all spending bills and both houses, how the debt grew by about 15%. Then from 95-2006 with Republicans in control of at least one house and most of the time both, it actually decreased the debt by about 3% over those 11 years (5 under Clinton and 6 Under Bush). Then the Dems took over in both houses in 2007 again and in 4 years our debt has grown 30%+ especially after Obama joined in to sign everything they wanted! Now that the Republicans have taken over the house, you can see it leveling off again. It's all in the numbers.

Oh and in case I forgot to mention it, the unemployment rate stayed in the 5% range or better for most all of the time the republicans were in control of both houses under Clinton and Bush. Then the Blue took over and it is now staying over 9%. Coincidence? I don't think so!

Red = success, Blue = mistake! I choose a track record of success!

The Viking wrote: I have more charts and figures I can post later that show how wrong Obama is on this.

You need to stop this math kick, or I am gonna bury you, my love.

Really, Steve. Your talking points are getting you nowhere.

The Viking wrote: I figured no Liberals would have an answer to this chart.

I have an answer. You aren't going to like it. Two D AGAIN doesn't represent our economy. Now - can you tell me what two D I am talking about?

I might even give you 3D based on the static constant.

He's got charts; I've got charts... BFD He won't believe mine, and I know his have been cooked by the trickle-down, supply-siders. It doesn't mean anything...

Tax cuts do NOT create jobs. And calling everyone with an income over 6 figures a "job creator" is cute "theater" and talking-points, but the percentage is so small, I keep wondering why they keep trying to craft an economy based on keeping the 2% happy, at the expense of the other 98%.

LadyJazzer\n

He's got charts; I've got charts... BFD He won't believe mine, and I know his have been cooked by the trickle-down, supply-siders. It doesn't mean anything...

Tax cuts do NOT create jobs. And calling everyone with an income over 6 figures a "job creator" is cute "theater" and talking-points, but the percentage is so small, I keep wondering why they keep trying to craft an economy based on keeping the 2% happy, at the expense of the other 98%.[/quote

The rich don't create jobs? How true! I have only ever been give a job by the poor. They are hiring every day.