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Originally Posted by JP5
AND I'll bet YOU were!!!!
Regardless of what they "touted" back then, they've been proven wrong.
116 million taxpayers benefited from Pres. Bush's tax relief. The across-the-board tax cuts provided tax relief to every American who pays income taxes, created a new bottom 10 percent bracket rate, doubled the child tax credit to $1,000, and actually increased the share of the Federal income tax burden paid by the top 10 percent of individual earners from 67 percent in 2000 to 70 percent in 2005. In addition, the Bush Administration removed 13 million low-income earners from the income tax rolls completely. There was 52 straight months of unprecedented growth under Bush.
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And for all those tax cuts 1.2 trillion dollars to be exact, how much spending did he nix to offset it?
Quote:
Originally Posted by JP5
Tax relief under Bush spurred growth in Federal tax receipts. In fact, the Federal Treasury realized the largest three-year increase of revenue in 26 years, and tax receipts grew more than $542 billion between 2000 and 2007.
We'll have to wait to see if the CBO will be proven wrong in their assessment about Obama's spending plan or not. But so far, it's not looking good.
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LMAO ahh your so good a spinning its almost hilarious if the economy and the GDP werent so (*)(*)(*)(*) poor during dubyas reign. At any rate you where just harping about what the CBO said about Obamas plan and where standing by it and agreeing 100% and no you flip? (*)(*)(*)(*) that was faster than John McCain.