. . . it is more accurate to say that the economy in the 1990s continued growing strong despite the tax increases! In fact, the economy was strong enough before Congress voted on the tax bill that it was able to digest the tax increases which were signed August 10, 1993. Let's look at the numbers as to how things were following the downturn of two decades ago.
The economy was out of recession in March of 1991. This is em, er...before Clinton announced in October of that year that he was running for president, and almost two and a half years before President Clinton signed his tax law.
In the twelve months leading up to the tax signing (August 1992-July 1993), the economy gained 2,023,000 jobs, which is 168,000 jobs per month. To put things into perspective: in the four years during which Democrats recently controlled Congress, we did not have a twelve-month period where the economy gained 100,000 jobs on a monthly average, let alone 168,000 to meet an economy of fifteen years earlier.
In the six months (February-July 1993) leading up to the tax signing, the monthly average job gain was already 208,000, which shows that the economy was growing stronger by the month, well before the bill was signed.
The unemployment rate peaked July 1992 -- more than six months before Clinton stepped into the Oval Office, and more than twelve months before Congress voted on the tax bill. In fact, the rate lost almost a full percentage point in the twelve months leading up to the tax signing.
The Dow Jones Industrial Average reached a low (of less than 2,400) in October 1990, and then things turned around, which is em...say...three years before your Clinton taxes "gave us" a good economy!
From its recession low of minus 2,400, the Dow grew almost 50% to approximately 3,600 before we got to August 1993. This amounts to a 16% annual gain if any Dem had his/her money in an Index fund piggybacked to the Dow.