Quote:
Originally Posted by tony299
clinton raised taxes and there was a huge boom in this country and a government surplus.
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incorrect
http://www.heritage.org/research/rep...the-1990s-boom
When pressed about the harmful effects on the economy, proponents of highertaxes often fall back on what can be called the "Clinton defense." President Bill Clinton pushed a major tax increase through Congress in 1993, and, so the story goes, the economy boomed. How, then, can tax increases be so bad for the economy? The inference is even stronger: that highertaxes actually strengthened the economy.
The Clinton defense is superficially plausible, but it fails under closer scrutiny. Economic growth was solid but hardly spectacular in the years immediately following the 1993 tax increase. The real economic boom occurred in the latter half of the decade, after the 1997 tax cut. Lowtaxes are still a key to a strong economy.........