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Ten years ago today, the Bush tax cuts passed. They were a landmark piece of legislation which definitively demonstrated the truth of supply side economics by pushing government revenues to all-time highs, keeping the budget in balance, and unleashing an unprecedented wave of economic growth that continues to this day.
Oh, wait….
Never mind.
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If I remember correctly the “Tax Cuts for the Rich” were not passed until 2003.
The 2001 tax cuts were just aimed at the middle class because the Democrats shared power in the Senate 50/50
I opposed the tax cuts of the early Aughts AKA “the Bush tax cuts” and I opposed their extension by the Obama administration. Could somebody please explain to me how, if the tax cuts produced no economic benefit, eliminating them now would produce economic harm?
I understand that if election/reelection is the most important/only good the policies don’t really matter. That’s a different subject.
Well, there is this:
http://investmentwatchblog.com/chart-of-job-growthdecline-since-2003/
That job growth chart doesn’t even get the names of the two parties correct. Plus it is very cute in the way it starts with 2003, ignoring the huge losses of the first two years of Bush’s presidency, when the Republicans controlled both houses of Congress. How convenient! Also note that by separating it into Republican and “Democrat” (sic) congresses, it shows that of the eight years of highest job growth during that timeframe, seven of them happened under Democratic congresses. I guess your chart shows Republicans really do suck at creating jobs, eh?
Take your BS charts to people who don’t know the difference, Donald. You know, wingnuts like yourself.
And the Liberalism of Outside the Beltway marches on.
The tax cuts did work, Liberal Alex. Don’t blame them for the GOP led House spending so damned much. States had way more capital as people had more disposable income and more people were working.
But, hey, don’t let a good Think Progress meme get in the way of…..you sending extra money to the IRS. You can voluntarily do that, Alex. You have been sending more, right?
