[sr4402]

JFK reduced taxes, the economy boomed and revenues rose. Here President Bush reduces taxes and the same thing happens.

The Dems wanted a tax increase and the results would have been less revenues and a recession, probably paid for with many years of pain.

Because of the Tax Cuts, we all are in a different economy than the democrats would have us. Boo Hoo! (/Sarcasm OFF)

[TASMANIANRED]

I was doing a little research yesterday.

Stock market crashed in 1929 and the economy didn't fully recover till after the end of WWII when years of pent up demand and a bunch of horney GI's wanting to have families came home.

Top marginal tax rates
1929 24% $100,000
1930 25$ $100,000
1931 25% $100,000
1931 63% $1,000,000
1932 63% $1,000,000
no change until
1936 79% $5,000,000
1937 79$ $5,000,000
no change till 1940
1940 81% $5,000,000
1943 88% $200,000
1944 94% $200,000


The country couldn't recover from the Depression and neither could the world because entrepreneurship was punished.

Why take the risk of making a fortune when you couldn't keep it.

[petercooper]

bttt