Quote:
Originally posted by 12clicks
They weren't worth mentioning as you're obviously too young to remember the Reagan tax cuts.
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Cut it out with the word parsing crap. Just because Dubya calls them his tax cut plan, they are two separate and totally different tax bills. The first one was passed as an income tax cut, and the second one is coming in the form of an "economic stimulus package"
And one may stay while the other one gets thrown out of congress. So they are two different bills, one that gave an accross the board rate cut, and one that cuts a tax that almost solely benefits the top 1% of Americans.
As for the Reagan tax cuts, they were revenue neutral. They closed off several loopholes in the tax code and used the money they saved with that to lower the tax rates. They also instituted the alternative minimum tax.
There is still no conclusive evidence that the tax cuts had anything to do with the economic growth of the 80's.
A few things that did have a lot to do with that growth were the end of the oil embargo which crippled the economy under the Carter administration, and a military buildup that for all intents and purposes put us into a "wartime economy".
It also left us 5 trillion dollars in debt.
Now, are you just going to reply and call me names? Or can you actually discuss the issue without making it personal?