Tax rate cuts are not tax cuts - they're the exact opposite

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Giuliani Laces Into Clinton Over 'Staggering' Tax Hike

Submitted by Mario Goveia, May 31, 2007 14:37

When will Americans realize that tax rate cuts are not tax cuts but INCREASE tax revenues. We have now seen this from the Kennedy, Reagan and Bush43 tax rate cuts. The problem with Reagan and Bush 43 has been their inability to control wasteful federal spending.

Tax rate hikes eventually reduce our growth and dynamism as an economy, making us more like the Europeans, most of whose large economies are stagnating.

Anyone who thinks that the Clintons had any clue to eliminating federal deficits should look at his first budget in 1993 which broke his campaign promise for a middle-income tax cut and included massive retroactive tax increases yet showed $200 billion plus deficits throughout the projection period. The subsequent budget surpluses had more to do with the technological revolution that took place during the 90's, which Clinton had nothing to do with, and the Republican takeover in the House and Senate in 1994 and the Contract with America. Clinton's only budget cuts came at the expense of Defense spending and made us more vulnerable to attacks against us.

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Other reader comments on this article

Comment	By	Date
Clinton wants to go back to the 1990s, says Rudy. Ah! These awful 1990s: we had prosperity, peace, a functioning... [MORE]	Devil's Advocate	Jun 2, 2007 13:05
To understand Sen. Clinton's message, you should read FDR's 1944 State of the Union speech in which he declared... [MORE]	Michael J. Belzer	Jun 1, 2007 15:34
It's pretty funny that Belzer thinks that FDR's Four Freedoms is some sort of active far left agenda with H.... [MORE]	FGFM	Jun 2, 2007 19:56
I can't wait till Rudy debates Hillary - she's gonna get stomped into the ground on the issues! What I'd... [MORE]	Norm	Jun 1, 2007 14:12
Glad to see someone finally who is not afraid of confronting Hillary Clinton's ideas directly [MORE]	Becky	May 31, 2007 15:58
When will Americans realize that tax rate cuts are not tax cuts but INCREASE tax revenues. We have now seen...	Mario Goveia	May 31, 2007 14:37
With all of the economic evidence that is available to us, a person would have to be living in a... [MORE]	Joseph Baum	May 31, 2007 11:30
I was amazed to hear Senator Clinton's economic speech on Tuesday. She promises the poor that she will deliver to them... [MORE]	Judith Bierman	May 31, 2007 09:30
Maybe--just maybe the people voting will put the issues in perspective and realize that Rudy Giuliani or others of his... [MORE]	Harry Adrian	May 31, 2007 08:18

Reader comment on:Giuliani Laces Into Clinton Over 'Staggering' Tax Hike

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Reader comment on:
Giuliani Laces Into Clinton Over 'Staggering' Tax Hike