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|Subject: Re: The Fiscal Cliff-Solving the wrong problem||Date: 11/14/2012 11:59 AM|
|Author: brucedoe||Number: 408460 of 455758|
You might also have mentioned that Bush-41 raised taxes and Clinton raised taxes, and we had the terrible depression of the 1990s. Oh wait ...
Then again Bush-43 lowered taxes and his term ended so magnificently. Oh wait ...
For an explanation on why lowering income taxes is an inefficient way to stimulate the economy see my blog piece Effectiveness of Taxes (repeated from a Motley Fool post of mine): http://stopcontinentaldrift.blogspot.com/2010/05/effectivene...
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