Quote:
Originally Posted by reckless
But when Democrats raised taxes, they called it investments.
And when the Democrats raised those Bush tax cuts under Obama they claimed that those tax cuts ruined the economy and we needed to raise those taxes back to pre-Bush rates, remember?
But that lie was exposed as fraudulent thanks to Obama's piss-poor economy of zero growth ... <2 % every year in our GDP.
Thanks to our great president DJT, we're on our way again as the economic engine of the world.
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Pretty partisan view of what happened.
The economy tanked because the housing market collapsed. The recovery was slow due to over-regulation and lack of investor confidence.
They were tax cuts. As our deficit roars past $20 trillion dollars this century we have lowered tax rates(Bush), extended those lower rates (Bush/Obama), raised them back to where they were before for high earners (Obama), and then sweepingly lowered them again (Trump).
I get we have a spending problem but to deny we have a revenue problem is absurd as well. 47% in this country don't pay anything to the feds.
