Wednesday, July 6, 2011

Tax cuts bring economic growth

I don't know what kind of history Senator Dick Durbin is studying.  The Bush tax cuts during the early days of his time in office brought about 54 months of economic growth and five percent unemployment.  It was when the Democrats took over vetoproof control of the economy in January 2007 following the 2006 elections that the economy started to go south.  Would Senator Durbin take all of the investment capital out of the hands of the people who create the jobs?  Four different presidents in the past fifty years stimulated the growth of the economy when taxes encroached to levels that the economy was being choked - Kennedy, Reagan, Clinton (When he adopted Newt's Contract With America Program) and G. W. Bush.   Employment figures began to go up and revenues flowed into the treasury.  As Casey Stengel always used to say, "Ya can look it up."

No comments: