Quote:
Originally Posted by tony404
do you have graphs from a real org not fact check a group who is far from nuetral.
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I don't know where you got your information about factcheck.org but I think they are very independent and unbiased. They're pretty hard on everyone who tries to spin the truth.
I haven't yet found the article with the graph that was posted here, but I think the poster took some things out of context.
For instance in this article
http://www.factcheck.org/askfactchec...in_higher.html
They say
Q: Have tax cuts always resulted in higher tax revenues and more economic growth as many tax cut proponents claim?
A: No. In fact, economists say tax cuts do not spark enough growth to pay for themselves.
The whole tax cut increases revenue or stimulates the economy is a red herring. There is no empirical proof of either argument. It's all just political rhetoric. The tax cut proponents can't prove that the government wouldn't have collected even more revenue if tax rates had remained unchanged, and they can't prove that the economy grew faster than it would have if rates remained unchanged.
These are the people who predicted a massive recession would be caused by Bill Clinton's tax and economic stimulus plan in 1993. We then proceeded to have 8 years of unprecedented prosperity with the lowest peacetime unemployment rate in history.
Go figure.