[Slingin Sammy 33]

Originally Posted by NC_Skins

Remember back in the early 90's how all the GOP were screaming that the tax hike on the rich would stifle the economy and jobs would be lost. They were very wrong then and they are VERY wrong now.


Tax Increases to Reduce Deficit Will Help, Not Hurt, Growth - Economic Intelligence (usnews.com)


I love how politicans (both alike) like to pump fear into their constitutes all for the sake of gaining leverage.


I feel dirty for posting this, but here goes. It's a well thought out talking point and if anybody can find fault (or any biased slant) to it, I'll pull it.

Cagle Post » Republicans Were Wrong in 1993 On The Effect Of Upper-Income Tax Increases

The Graph That All Tax Hike Mystics Need to Grapple With

from the link: "Economic growth, measured as real Gross Domestic Product (GDP), was a moderate 3.3 percent in the period from 1993 through 1996, and real wages actually fell for the entire period. In contrast, the 1997 tax cuts, which significantly lowered the capital gains tax rate, coincided with a period of strong business investment, strong real GDP growth at 4.4 percent, and strong real wage growth of 1.7 percent."

also: http://www.politifact.com/truth-o-me...economy-1990s/