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Originally Posted by ORD_Buckeye
Then why wouldn't the same circumstances of growing stock market and bubble economy have resulted in surpluses for W?
BTW, most of the credit for the Clinton era surpluses goes to Bush's father and the Congressional Democrats who laid the foundation for those surpluses with a combination of spending constraints and tax increases. Bush Senior, BTW, was crucified by his own party for cutting that deal.
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Tech bubble burst for Bush. When every internet IPO was going to 100 dollars at launch the capital gains tax revenues were the highest in American history. Not to mention that soaring businesses paid record corporate taxes with their high earnings. Credit goes to no one for the surplus other than the American investor and business. The government didn't do anything to make the dot com era begin. Record profits for businesses and quickly growing stock market equal record tax revenues.
A quick study of country that had massive economic growth in the past 25 years conclude raises taxes is the opposite of making an economy grow. The US economy grew in the 90's inspite of the tax increases.
Not sure what you mean 'Bus