Ray From Cleveland
Diamond Member
- Aug 16, 2015
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businesses will always be in fear of taxes going up when we run huge deficits and have such a high national debt with no effort of congress to cut spending and raising revenues to pay off the debt...Instead of being the typical hack faggot on this site let's look at bit deeper and see how much honesty you posess.Alright. Pull up government revenue from the years with tax cuts & prove it.
If you bothered to actually look you would see that you're wrong. I know that flies in the face of talking points but the proof is there for all to see.
Went down after Bush tax cuts.
Historical Federal Receipt and Outlay Summary
www.forbes.com/sites/mikepatton/2012/10/15/do-tax-cuts-increase-government-revenue/
As the graph on your link also confirms, revenue went down with the Bush tax cuts.
Well when the government stops confiscating your money that should be expected.
It will come back when business feels comfortable about investing more money without fear of losing it to the tax man.
Which is the same thing the public feels about taxes.
when clinton raised taxes in 1993 to reduce the deficit and pay down the debt, the economy took off....BECAUSE of his actions, consumer and business confidence rose... fear subsided, when businesses KNEW the game plan...instead of worrying about what it could be....
No, what Clinton did was follow the advice of Newt Gingrich and cut capital gains taxes. Between that cut and the technology bubble, we had a great economy because the lower the capital gains taxes, the more people invest. It's the main reason why we keep capital gains taxes down in the first place.