Ray From Cleveland
Diamond Member
- Aug 16, 2015
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Thanks for posting a chart which displays what I said -- Reagan raised rates (1983) as did Clinton (1993).Increasing taxes on businesses does not necessarily hurt businesses. It depends on the level they start and end up at. The Lafer curve is evidence of that.His policies, like all presidents, either help or hinder job growth. I doubt it's possible to identify which policies helped or hurt. Same holds true with Reagan.
I can name several Obama policies that hurt. He's the most anti-business President I've seen in my lifetime.
Increased taxes on corporations, increased taxes on individual income for those making over 450K a year, burdening our industry with Commie Care with either forcing them to provide coverage for their employees or fining them. More burdensome IRS reporting because of Commie Care, attacking businesses such as the Roll-Your-Own cigarette shops which had to close down, same with the American Indians who used to sell their products via US mail, the several attacks on Gibson Guitar, The Gulf oil drilling and all the industries around it that they fed, the coal industry, the energy industry, the credit card industry and the list goes on and on.
With Reagan, Bush and even Clinton, you can at least point to some presidential action that was responsible for an improved economy. You can't do that with DumBama. Most all of his policies were against business--not for it.
Reagan increased taxes on businesses -- the economy boomed.
Clinton increased taxes on businesses -- the economy boomed.
Now I'm not saying that's evidence of causation, it's not. But it does show that the economy can boom following tax increases. What I am saying is you're an idiot for making the general claim that raising taxes on businesses hurts the economy. You have no proof of causation to back that idiocy up.
Reagan did raise some taxes, but he lowered others. Clinton did raise taxes, but he decreased taxes on capital gains which resulted in more investments in the market.
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Maybe before you start your usual liberal insult fest, perhaps you should understand WTF you're talking about in the first place. I swear, trying to have an adult discussion with a liberal is nearly impossible.
Wow...you looked at that chart and saw Reagan as raising taxes? Seriously?
It is amazing how the liberal mind works, isn't it?
You can tell a liberal the sky is blue, but when they look at it, they see orange, and they'll argue with you until next Christmas.