Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: snoringbear

Also, Democratic folklore includes the myth that the Clinton tax increases led to the 1990s boom.

In fact, the Clinton tax increase on those with incomes above $400,000 in 2012 dollars SLOWED the economic recovery that should have been gaining strength due to the end of the Cold War and the restoration of price stability for the first time since 1965.

The Clinton boom was delayed until his second term when he listened to Dick Morris and TRIANGULATED. He all but adopted the Gingrich Congress’ agenda as his own, even making his “THE ERA OF BIG GOVERNMENT IS OVER” speech in his SOTU 1996.

In his second term, we had barriers to international and domestic trade lowered by the reduction of tariffs under the North American Free Trade Act, welfare reform, and a cut in the capital gains tax rate.


9 posted on 12/04/2012 7:28:36 AM PST by SeekAndFind
[ Post Reply | Private Reply | To 8 | View Replies ]


To: SeekAndFind

this article and all those like it are “whistling in the wind”.

gonna happen, taxes will go up. 4 years from now, it will be worse and these arguments will be totally forgotten, because most idiot Americans, well versed in the Real Housewives of New Jersey show, and that karoke crap : American Idol, but nothing else, ARE NOT paying attention.


10 posted on 12/04/2012 7:38:00 AM PST by Chuzzlewit
[ Post Reply | Private Reply | To 9 | View Replies ]

To: SeekAndFind

Good points all. Concerning Clinton boom; in addition to your points I would add that The Clinton boom occurred in spite of his tax increase and not because of it. The dot.com bubble and resulting economy was so strong it was able to power through the tax increase regardless. Then towards the end if the decade when the dot.com bubble was beginning to deflate the Y2K phenomena came on the scene and carried a good bit of the economy through the remainder of the decade.


19 posted on 12/04/2012 2:46:46 PM PST by snoringbear (Government is the Pimp,)
[ Post Reply | Private Reply | To 9 | View Replies ]

To: SeekAndFind

Remember Clinton’s tax on high end purchases like mobile homes killed jobs.


20 posted on 12/04/2012 2:55:32 PM PST by 1010RD (First, Do No Harm)
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson