and then use that as proof tax cuts for the rich work?
Below are historical GDP and tax revenues values. They are in current dollars and inflation adjusted constant dollars. I prefer the ones that take into account inflation.
http://www.bea.gov/national/xls/gdplev.xls
http://www.whitehouse.gov/omb/budget/fy2007/sheets/hist01z3.xls
If you were to plot real GDP ( in chained 2000 dollars), you would see that every single president since atleast FDR could have said the economy was the largest it has ever been. Every single president stepped out off office with tax revenues larger then when he first stepped into office.
However, when you start comparing the percent increase in real GDP, tax revenues, median wages, etc, etc, you will see that the economy does indeed do better when keynesian Democrats run the country.
2007-06-09
13:52:05
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2 answers
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asked by
trovalta_stinks_2
3
in
Politics