Quote:
Originally Posted by sperbonzo
uhhhhhh...... have you noticed that since the tax breaks that the deficit has been cut almost in half???
(This is exactly what happened in the 80s under Reagan also. When you cut taxes, you stimulate business and economic growth, and the revenues that come into the Fed actually go UP.)
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And Bush's daddy increased taxes to pay for it which cost him re-election.
If you will notice, I said tax revenues had to increase. I did not say personal income taxes had to increase.
The deficit is still at an all-time high. There was a surplus in 2000.
I am not anti-Republican. I am anti-Bush. His incompetence will cost the US dearly for a very long time.