The Conservative Cave

Current Events => Economics => Topic started by: J P Sousa on July 20, 2016, 06:41:24 PM

Title: What Happened After The 2003 Tax Cuts ?
Post by: J P Sousa on July 20, 2016, 06:41:24 PM

Democrats are always bad mouthing tax cuts but facts are facts.

http://www.heritage.org/~/media/images/reports/bg2001/bg2001table_3_lg.ashx

(http://i144.photobucket.com/albums/r192/Bucks_photo/2003taxcutchart-1--bg2001table_3_lg.gif)

Title: Re: What Happened After The 2003 Tax Cuts ?
Post by: BlueStateSaint on July 21, 2016, 07:27:31 AM

Facts are pesky things, aren't they? :whistling:

Title: Re: What Happened After The 2003 Tax Cuts ?
Post by: DumbAss Tanker on July 21, 2016, 02:32:57 PM

Quote from: BlueStateSaint on July 21, 2016, 07:27:31 AM

Facts are pesky things, aren't they? :whistling:

They are when they're really facts.  In this case the fact is the economic stats, but the causation and correlation to the tax change are just inferential.  Both sides of economic arguments are fond of slinging stats around, completely isolated from cyclic considerations, world events, or tech developments.  I think IN GENERAL a tax cut has a favorable effect on economic activity, but at some level there is a flex point and it works the other way because economically-supportive services the government provides begin to degrade, but nobody really knows for sure where that point is.