"That's been the majority Republican view for some time...that there's no evidence whatsoever that the Bush tax cuts actually diminished revenue. They increased revenue, because of the vibrancy of these tax cuts in the economy."So in response to McConnell, I present the reality:
Notice the immediate change from the preceding quarter to the first full quarter after each tax change?
Maybe he was talking long term? That is to say, maybe the Republicans believe supply-side economics take a long time to show up, whereas demand-side economics is supposed to show up immediately? [Sarcastic laughter ensues]Because you know, they've been arguing that supply-side economics show up immediately with return of higher tax receipts through a growth of GDP.
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