GunZawga
Member
Where the money was spent is inconsequential. NYC said the tax cuts reduced the amount of revenue. He's wrong and that's what I showed him.
Tax revenue fell in 2001, 2002, 2008, and 2009.
Correct, revenue was already falling in 2001 and then 9-11 hit. Tax cuts were passed in 2001 and 2003. You'll see that revenue jumped sharply thereafter. Regarding 2008 and 2009, you already know why that happened so I'm not sure why you are even bringing those years up.
It seems they are the end result of a failed policy of tax cuts. They work in the short term, I, unfortunately, live in the long term.