I said every single president since atleast FDR could have said inflation adjusted tax revenues are the highest they have ever been, that person was president. I never said tax revenues always rise.
In fact, the biggest one year drops were under Reagan and Bush Jr with their huge tax cuts. Plot tax revenues versus time to see for yourselves.
http://www.whitehouse.gov/omb/budget/fy2007/sheets/hist01z3.xls
You will also notice tax revenues never declined under Bush Sr. He was probably quoting some Rush Limbaugh make believe stat.
When you take the percent change in real GDP and inflation adjusted tax revenues from when the president took power until he stepped out, you will indeed find that DEMS RULE!
FDR, JFK/LBJ, and Clinton all easily outperform tax cuts for the rich Reagan and Bush Jr.
http://www.bea.gov/national/xls/gdplev.xls
2007-03-23
07:34:54
·
2 answers
·
asked by
trovalta_stinks_2
3
in
Politics