When President Reagan cut taxes the “Revenue” increased again.

When President Bush cut taxes on income, capital gains and dividends, those reductions raised federal tax receipts by $785 billion, the largest four-year “Revenue” increase in U.S. history!!!!!

These increases in tax revenue have substantially reduced the federal budget deficits. In 2004 the deficit was $413 billion, or 3.5% of gross domestic product. It narrowed to $318 billion in 2005, $248 billion in 2006 and $163 billion in 2007.  That last figure is just 1.2% of GDP, which is half of the average of the past 50 years."

The Democrats also know -- or should know by now -- that when you cut taxes, TAX REVENUES INCREASE AND THE DEBT GOES DOWN!

Liberals in Congress could read those figures over and over again and their rancid brains would never process them.  That's why they're against making President Bush's 2003 tax cuts permanent -- the ones that saved us from the Clinton recession.

Question:

Why do tax cuts increase “Revenue”?

Answer:

Tax cuts, especially for corporations and the “rich” allow more money for investment which in turn creates more jobs that in turn creates a larger tax base.  It’s similar to owning a business in a shopping mall.  When sales are down you don’t increase your prices, you lower them.  You may make less per sale but you make it up in the volume increase which is the same as increasing the tax base.  With more people working, more goods are sold creating more demand and that’s called Capitalism.

When Bill Clinton left office unemployment 5.5% and the media praised it because it was so low.  After the Bush tax cuts unemployment averaged 4.7% for four years and last month increased to 5% and the media is acting like it’s the end of the world.

Question:

Why do some people believe cutting taxes on the rich is wrong?

Answer:

The class warfare card is easy to swallow because it sounds bad, but in truth the numbers don’t show a large disparity.

In Fact

The top 1% of richest wage earners pay 39% of all tax revenue.

In FACT

The top 5% of the richest wage earners pay 60% of all tax revenue.

In FACT

The top 10% of the richest wage earners pay 70% of all tax revenue.

In FACT

The bottom 50% of income earners pay about 2% of all tax revenue.

In FACT

The bottom 40% pay NO taxes.

AND this is after the Bush tax cuts.  Seems more than fair to me.

Question:

What will Hillary, Obama and Edwards do with the Bush tax cuts?

Answer:

They not only end them, they will increase taxes using the same old class warfare tactics that liberals have always used.  Investment will drop, jobs will be lost and they will move us towards a European model that we all know doesn’t work.

In the mean time China is racing towards a Capitalistic model with full steam.

WHY DONT YOU REPORT FACTS LIKE THIS ???????

Some of the words and statistics are from Pete DuPont in the Wall Street Journal