So no conservative wants to even TRY to make the case - using facts and evidence - that higher taxes depress the economy and lower taxes stimulate it?In 1993 when President Bill Clinton raised taxes on the top income earners, Gingrich and the Republicans argued that the hikes would result in economic decline and result in huge deficits. They were proven wrong. The country experienced the “longest period of economic growth in U.S. history, increased business investment, 23 million jobs added, and, of course, budget surpluses.”
The same boom did not materialize after President George W. Bush enacted his tax cuts; the country experienced large deficits and the weakest job and income growth in the post-war era.
Any rightwinger here able to dispute this assessment with any facts?
Is there any evidence out there - any evidence ATALL - that raising taxes depressed growth and that cutting taxes stimulates growth?
I get that these ideas have a lot of intuitive appeal, but the real-world facts simply don't bear them out.
I'm not surprised.