FaceofBachmann
Banned
- Joined
- Sep 2, 2014
- Messages
- 1,018
- Reaction score
- 462
- Gender
- Undisclosed
- Political Leaning
- Socialist
And we tried tax cuts for the rich (capital gains and estate tax) under Clinton. What happened? The biggest economic expansion in US history.
Perhaps you need to reexamine your premises.
I guess you forgot the fact that Clinton raised taxes on the rich when he took office. Don't let the facts hit you in the butt.
But even if true, I guess this shows that tax cuts don't result in predictable economic outcomes (since Bush's tax cuts ended in recession). In short, you're arguing against yourself.
My longhand response would be something more like: economic growth is the result of numerous factors, many of which are not in the control of presidents. That said, progressive taxes, investment in public works, education and health care, is the surest way to avoid large income gaps that do in fact lead to recession. So while progressive economic policies might not prevent a recession, conservative policies almost insure we will have one.