Wednesday, October 24, 2012

Value-Do Tax Cuts Create Jobs?


I chose to read this article on purpose.  I do not share the same political views as this site and this author but I wanted to go in to this with a level head.  I wanted to be able to read this with no opinion and just look at this literally.  However, it was really hard.  This wasn't really informative because the information given was exaggerated and not exactly factual.  I wasn't inspired by this but yet driven away from it.  I will say though that spelling and grammar were the least of this article's problem!

"Still, one could argue that the economic boom that rang out the 20th Century began in the early 1980s under Reagan, was interrupted by a mild, brief recession in 1990/91 and continued till the economic calamaties of the 2000s (nonetheless, most of George W. Bush's two terms saw steady economic growth and job creation). By the time of Clinton's '93 budget, Reagan had managed to lower top marginal tax rates from around 70% down to the 20s, so not even the increases of Bush 41 and Clinton could significantly slow America's roaring economic engine. Bill Clinton took a giant step to the center after his party was wiped out in the '94 midterms, so business was far more comfortable under his leadership than today under the more ideologically rigid Obama's."

^sample

No comments:

Post a Comment