"Doug Miller" wrote in message
. ..
In article , "Hawke"
wrote:

No, that's not true, so your concept of the "historical record" is
clearly
wrong. All you have to do is look at Clinton's tax INCREASE followed by
years of tremendous economic growth to see that simply lowering taxes
does
nothing for the economy.

Complete non-sequitur. Examining the aftermath of a tax increase provides
no
informat at all about the effects of a tax cut.

Then look at the years when the marginal tax rates
were far higher than they are now and the economic level was also much
higher. Why was the economy so strong with extremely high tax rates in
the
Truman and Eisenhower administrations?

And why was it stronger still, after Kennedy's tax cuts? And weaker after
Johnson's and Nixon's tax increases?

Thinking all you have to do is lower
tax rates to make the economy grow is, first off, factually wrong and
secondly it's way too simplistic.

Speaking of simplistic...


That's right, simplistic. For one thing there were many different pressures
on the economy during Johnson and Nixon's terms. But the mantra of tax cuts
to increase growth and government revenue is very popular with the right
wing but not so with everyone else. Many economists look more to money
supply than to tax cuts for economic stimulation. And as for the boost to
the economy when Kennedy cut taxes you have to understand that he cut the
tax rate from the 90% range down to 74%. Showing that it's not simply
cutting the rate that matters. Reagan cut the rate to 28%. If you look at
the numbers you won't find a big improvement in the Reagan economy compared
to Kennedy's even though Kennedy's highest tax rate was in the 70s. I'd love
to see us go back to the Kennedy tax rate for the upper income bracket. The
economy was good then but some misguided folks seem to thing the rate has to
be as low as Reagan's to have a strong economy. Not true. A high progressive
tax rate with the top paying high percentages is not bad for an economy and
statistics show that. As I said, the wealthy and business always want their
taxes lowered. They would have you believe the lower their taxes the greater
the economy will be. That's not so either but people like you fall for that
line continuously. Try looking at the numbers over the long haul and you
will see what they say is truly crap.

Hawke