View Single Post
Old 06-10-2008, 10:27 PM  
tony286
lurker
 
tony286's Avatar
 
Industry Role:
Join Date: Aug 2002
Location: atlanta
Posts: 57,021
Quote:
Originally Posted by Snake Doctor View Post
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.
I read about it here. http://markschmitt.typepad.com/decem...eckorg_st.html
tony286 is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote