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Bush Tax Cuts Increased Tax Base, Study Says

Submitted by Scott Baker, Aug 28, 2008 12:29

I have no qualm with the research, but as the article points out, a 40% increase in personal income that can be used to pay taxes is hardly the same as saying the tax cuts are 100% paid for in made up income increases. Furthermore, and more importantly, there is no mention of the debilitating effects of the government having to pay interest on the ballooning debt. And for all of Mr. Bush's vaulted tax cuts and broad rebates, the fact remains he will have doubled the national debt by the time his last budget closes (just wait and see). As Mr. Clinton pointed out last night at the DNC, he left the government with a 200 billion surplus and Bush turned that into record deficits with no end in sight.


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Once again, we have people blaming bush for everything that is wrong with the country, remember a couple of things... [MORE]

joe a 

Aug 28, 2008 16:02

I have no qualm with the research, but as the article points out, a 40% increase in personal income that...

Scott Baker 

Aug 28, 2008 12:29

Then there's inflation? No mention on how that affects these numbers and the simple fact that wages go up period!... [MORE]

John Doe 

Aug 28, 2008 11:54

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