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Old 08-06-2011, 01:44 PM
 
Location: The Twilight Zone
773 posts, read 501,968 times
Reputation: 363

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Alright, time for more facts and less TALKING POINTS. For all those who claim Bush cut taxes to make the rich richer and this has hurt the economy, please take a look at the chart below in millions. This is the total annual tax revenue by year in millions. As you can see Bush achieved the HIGHEST TAX REVENUE IN THE HISTORY OF OUR COUNTRY 2005 through 2008 after having an average above Clinton prior even with the 2001 recession.

Hmmmmmm, these FACTS don't seem to fit the left wingnut talking points about how the Bush tax cuts reduced revenue and added to the national debt.

It seems like we have PLENTY of tax revenue, so the only other issue is spending too much. Hmmmm....SPENDING IS THE PROBLEM!!!!

2001 1,991,142
2002 1,853,149
2003 1,782,321
2004 1,880,126
2005 2,153,625
2006 2,406,876
2007 2,568,001
2008 2,523,991
2009 2,104,989
2010 2,162,724



Historical Amount of Revenue by Source
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Old 08-06-2011, 01:53 PM
 
Location: South Jordan, Utah
8,182 posts, read 9,181,482 times
Reputation: 3632
Quote:
Originally Posted by Heritage Member View Post
Alright, time for more facts and less TALKING POINTS. For all those who claim Bush cut taxes to make the rich richer and this has hurt the economy, please take a look at the chart below in millions. This is the total annual tax revenue by year in millions. As you can see Bush achieve the HIGHEST TAX REVENUE IN THE HISTORY OF OUR COUNTRY 2005 through 2008.

Hmmmmmm, these FACTS don't seem to fit the left wingnut talking points about how the Bush tax cuts reduced revenue and added to the national debt.

It seems like we have PLENTY of tax revenue, so the only other issue is spending too much. Hmmmm....SPENDING IS THE PROBLEM!!!!

2001 1,991,142
2002 1,853,149
2003 1,782,321
2004 1,880,126
2005 2,153,625
2006 2,406,876
2007 2,568,001
2008 2,523,991
2009 2,104,989
2010 2,162,724



Historical Amount of Revenue by Source
Ugg, this is what is so frustrating about conservatives, they talk about the private sector and individual freedom, except when it suits them. Politicians don't create revenue, they are just in power when everyone else produces. Income volatility drives revenue.

You are forgetting to add how the taxable SS benefit base increase from $76k to $102k. Payroll revenue accounts for most of that growth.

Also, your number exclude 2000 (a high point) and are not adjusted for inflation.

Politicians are the problem, not our salvation.
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Old 08-06-2011, 03:22 PM
 
Location: The Twilight Zone
773 posts, read 501,968 times
Reputation: 363
Quote:
Originally Posted by hilgi View Post
Ugg, this is what is so frustrating about conservatives, they talk about the private sector and individual freedom, except when it suits them. Politicians don't create revenue, they are just in power when everyone else produces. Income volatility drives revenue.

You are forgetting to add how the taxable SS benefit base increase from $76k to $102k. Payroll revenue accounts for most of that growth.

Also, your number exclude 2000 (a high point) and are not adjusted for inflation.

Politicians are the problem, not our salvation.
Point #1 - The reasoning for the thread is to show the left wing talking point crowd that their talking points are in fact incorrect. Tax receipts to the government grew dramatically under Bush. They like to claim the opposite, but here it is in black & white.

Point #2 - Look at the chart. Both personal and corporate tax receipts increased dramatically.

Point #3 - Bush was not POTUS in 2000, so I did not include that on the list but it is included in the chart.

Point #4 - The year 2000 was the year prior to the recession and 9-11. The recession, as they all do, reduced the amount of tax receipts somewhat. The recession lasted only 8 months and then the economy started growing again. With the tax cuts revenues started increasing and soon were in record territory.

When you stop and think of all the things that happened in that decade from the dot.com burst, the slowdown to recession Clinton handed over, 9-11, the world economic downturnS and the housing bubble burst, it's amazing Bush's average unemployment rate was only 5.2%, whereas Obama's is 9.2% and Bush was able to grow the revenue as much as he did.

I agree with your last point. If they would STOP over spending and get out of the way, the economy would stand a better chance of improving.
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Old 08-06-2011, 03:49 PM
 
Location: South Jordan, Utah
8,182 posts, read 9,181,482 times
Reputation: 3632
Quote:
Originally Posted by Heritage Member View Post
Point #1 - The reasoning for the thread is to show the left wing talking point crowd that their talking points are in fact incorrect. Tax receipts to the government grew dramatically under Bush. They like to claim the opposite, but here it is in black & white.

Point #2 - Look at the chart. Both personal and corporate tax receipts increased dramatically.

Point #3 - Bush was not POTUS in 2000, so I did not include that on the list but it is included in the chart.

Point #4 - The year 2000 was the year prior to the recession and 9-11. The recession, as they all do, reduced the amount of tax receipts somewhat. The recession lasted only 8 months and then the economy started growing again. With the tax cuts revenues started increasing and soon were in record territory.

When you stop and think of all the things that happened in that decade from the dot.com burst, the slowdown to recession Clinton handed over, 9-11, the world economic downturnS and the housing bubble burst, it's amazing Bush's average unemployment rate was only 5.2%, whereas Obama's is 9.2% and Bush was able to grow the revenue as much as he did.

I agree with your last point. If they would STOP over spending and get out of the way, the economy would stand a better chance of improving.
It just feeds into the left/right good/bad spectrum which I reject. Both sides suck. Percentage wise Bush did not increase much, Reagan, Clinton, all had bigger percentage gains.

It is our system that needs major change, just a jump between authoritarians.
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Old 08-06-2011, 03:53 PM
 
550 posts, read 602,280 times
Reputation: 199
Quote:
Originally Posted by Heritage Member View Post
Hmmmm....SPENDING IS THE PROBLEM!
Yeah, like all that money we've blown fighting unnecessary wars. Which both sides supported, by the way.
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Old 08-06-2011, 03:55 PM
 
Location: Columbia, SC
36,932 posts, read 18,915,115 times
Reputation: 14768
Quote:
Originally Posted by Heritage Member View Post
Alright, time for more facts and less TALKING POINTS. For all those who claim Bush cut taxes to make the rich richer and this has hurt the economy, please take a look at the chart below in millions. This is the total annual tax revenue by year in millions. As you can see Bush achieved the HIGHEST TAX REVENUE IN THE HISTORY OF OUR COUNTRY 2005 through 2008 after having an average above Clinton prior even with the 2001 recession.

Hmmmmmm, these FACTS don't seem to fit the left wingnut talking points about how the Bush tax cuts reduced revenue and added to the national debt.

It seems like we have PLENTY of tax revenue, so the only other issue is spending too much. Hmmmm....SPENDING IS THE PROBLEM!!!!

2001 1,991,142
2002 1,853,149
2003 1,782,321
2004 1,880,126
2005 2,153,625
2006 2,406,876
2007 2,568,001
2008 2,523,991
2009 2,104,989
2010 2,162,724



Historical Amount of Revenue by Source
How much of that was pissed away in Iraq for no reason whatever?
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Old 08-06-2011, 04:03 PM
 
1,378 posts, read 1,387,072 times
Reputation: 1140
If you notice, revenue went down from 2001 to 2002.

What happened in 2001? (rhetorical question)

As for the rest of the stats...population growth + immigration+inflation.

NEXT!
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Old 08-06-2011, 04:11 PM
 
Location: The Twilight Zone
773 posts, read 501,968 times
Reputation: 363
Quote:
Originally Posted by AllenSJC View Post
If you notice, revenue went down from 2001 to 2002.

What happened in 2001? (rhetorical question)
1) Recession from the dot.com burst

2) 9-11

And I don't think Bush was crying and complaining about what he was handed or what he had to deal with and I don't think he was blaming everyone else.
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Old 08-06-2011, 04:14 PM
 
Location: The Twilight Zone
773 posts, read 501,968 times
Reputation: 363
Quote:
Originally Posted by 80sKid View Post
Yeah, like all that money we've blown fighting unnecessary wars. Which both sides supported, by the way.
Yes. There was a TON of spending that should not have happened. I was against the wars and spending then as I am now, especially with the FIVE wars we are now in.

But again, this is about the FALSE claim that tax cuts reduced tax receipts and added to the national debt. It was quite the opposite.
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Old 08-06-2011, 04:22 PM
 
1,378 posts, read 1,387,072 times
Reputation: 1140
Quote:
Originally Posted by Heritage Member View Post
1) Recession from the dot.com burst

2) 9-11

And I don't think Bush was crying and complaining about what he was handed or what he had to deal with and I don't think he was blaming everyone else.
Bush says he inherited recession - Aug. 7, 2002

Bush Faults Clinton Policy, But the Debate is Complex

Bush blamed Clinton administration for economic slowdown.

And many more examples...
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