Quote:
Originally Posted by TheSquealer
Clinton's luxury tax, which he was forced to rescind didn't just affect yachts and boats. It instantly sank luxury car sales, art sales, jewelry sales, private airplane sales and so on. Everything the tax touched caused a massive reduction in demand for those items. The impact was immediate and massive for within months was forcing large producers to start cutting staff and laying people off.
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and that was the last time we had a dem president. now we have obama trying to stir up envy for the same reasoning of raising taxes.