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View Full Version : more proof of republicans helping the economy



shrewsbury
09-05-2012, 11:07 AM
n fact, the balanced budgets of the Clinton years didn't occur until after a Republican Congress passed and the president reluctantly signed a 1997 tax bill that lowered the capital gains rate from 28% to 20%, added a child tax credit, and established higher limits on tax exclusion for IRAs and estates.

http://www.americanthinker.com/2010/09/the_successful_clinton_economy.html

pghin08
09-05-2012, 12:09 PM
Balanced budget had way more to do with unforeseen tax revenues from the mid-late 90s massive bull market than anything that Clinton or the Republican Congress did.

AUTaxMan
09-05-2012, 12:17 PM
Balanced budget had way more to do with unforeseen tax revenues from the mid-late 90s massive bull market than anything that Clinton or the Republican Congress did.

Were they unforeseen? I thought they were expected.

pghin08
09-05-2012, 12:40 PM
Were they unforeseen? I thought they were expected.

Not sure anyone knew how big the dot-com bubble would get.

AUTaxMan
09-05-2012, 12:51 PM
Not sure anyone knew how big the dot-com bubble would get.

Good point.

duwal
09-05-2012, 04:38 PM
I thought you were going to talk about all of the cash they were spending at the strip clubs :)

shrewsbury
09-05-2012, 11:37 PM
so Al Gore was responsible?

pghin08
09-06-2012, 08:53 AM
so Al Gore was responsible?

LOL. We've really had a joke run of VPs, haven't we? Dan Quayle couldn't spell potato, Al Gore thought he invented the internet, Dick Cheney might not be human, and Joe Biden makes me cringe when he talks.