07-26-2017, 08:32 PM
(07-26-2017, 08:29 PM)TheLeonardLeap Wrote: Old enough that it's irrelevant.
2000-2005? You started before 9/11, so no war in the Middle East, and it cuts out Obama's entire two-term Presidency and the huge recession we had.
War in the ME means there is a need for more revenue. Tax cuts are good for the recession, but now that the economy has stabilized they need to go back up. This is far from irrelevant, this shows that economic growth is sustainable with higher corporate tax rates and income tax rates. For example, let's look at the corporate rate here:
![[Image: US_Effective_Corporate_Tax_Rate_1947-2011_v2.jpg]](https://upload.wikimedia.org/wikipedia/commons/3/3e/US_Effective_Corporate_Tax_Rate_1947-2011_v2.jpg)
There was a significant amount of economic growth in this country when both the personal and corporate tax rates were higher than they are today.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
