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Originally Posted by pornmonger
Bush needed to cut taxes to encourage spending to pull the economy out of recession due to Clinton's feel good policies and the burst of the internet bubble. Without those tax cuts, we would still be in a recession. Yes savings is down but that shouldn't be anything new. Although spending has increased considerably inflation has not spiralled out of control.
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Total BS. Since Bush's tax cuts states have RAISED taxes. FACT. So any saving from federal taxes have been takens away by states taxes. This way Bush can say he cut taxes when he didn't and blame any tax increase on the states.