It's a relative measure, meaning that tax receipts would have been higher had taxes not been raised in 1993 because GDP would have grown faster and the really rich- the people that actually pay most federal income taxes- would have done less to shield their income from taxation.
The economy only really took off after the Republicans won control of the House in 1994 and undid the Clinton tax hikes. That's when we all started to disco PARTY in the economy that Democrats like to remember as the Clinton economy, when in fact it would be more accurate to refer to it as the Newt Gingrich economy. On Thu, Aug 28, 2008 at 12:22 PM, G Money wrote: > Clinton raised taxes...the GDP grew, tax revenues grew, the economy soared, > the budget balanced. > > How do you explain that? > > These are honest questions, by the way...i'm an economic idiot. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;203748912;27390454;j Archive: http://www.houseoffusion.com/groups/CF-Community/message.cfm/messageid:266980 Subscription: http://www.houseoffusion.com/groups/CF-Community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5
