NYcarbineer
Diamond Member
- Mar 10, 2009
- 117,063
- 13,888
pres clinton raised the tax rates on the top tiers to what they were before bush 1 had them loweredSeems like we had tax hikes AND growth spurts during the 90s...AND on a plan to pay down our debts.
What high taxes did we have in the 90s?
Which were still considerably lower than when Reagan took office before lowering them, so I suppose it depends on your definition of high. Also, during the Clinton administration capital gains taxes were cut. Let's also not forget about the dot com boom. Taxes aren't the only thing that drive an economy
The dot com 'boom' occurred after the Clinton tax increases in 1993, something that RW'ers said was impossible because higher taxes kill investment. The stock market rise in the nineties was all about investment.