Message from @Neco2040

Discord ID: 543173620915109901


2019-02-07 20:55:33 UTC  

Clinton cut taxes

2019-02-07 20:55:43 UTC  

He increased the top marginal tax rate

2019-02-07 20:55:46 UTC  

But we must see why the deficit went up

2019-02-07 20:55:46 UTC  

Spending

2019-02-07 20:55:53 UTC  

He cut a huge capital gains tax

2019-02-07 20:56:02 UTC  

he increased the standard deductions by a huge amount

2019-02-07 20:56:12 UTC  

he increased the amount for tax exemptions on property

2019-02-07 20:56:13 UTC  

and some others

2019-02-07 20:56:23 UTC  

Overall, he increased taxes on the rich

2019-02-07 20:56:24 UTC  

Bush tax cuts, revenue went up but spending also went uP

2019-02-07 20:56:33 UTC  

Considering he cut capital gains by 25%

2019-02-07 20:56:38 UTC  

And the effective tax rate went down

2019-02-07 20:56:44 UTC  

Not really.

2019-02-07 20:57:12 UTC  

Effective tax rate didn't go down

2019-02-07 20:57:17 UTC  

https://cdn.discordapp.com/attachments/418667927169138688/543173430124740628/Screen_Shot_2019-02-07_at_20.57.00.png

2019-02-07 20:57:28 UTC  

Hw Bush rose taxes actually

2019-02-07 20:57:29 UTC  

I'm talking on the rich btw, not people in general

2019-02-07 20:57:31 UTC  

Clinton did the opposite

2019-02-07 20:57:33 UTC  

Yes thats the rich

2019-02-07 20:57:37 UTC  

top 1% and 0.1%

2019-02-07 20:58:02 UTC  

Clinton didn't do the opposite, they both raised taxes

2019-02-07 20:58:03 UTC  

Obama added to the debt aswell, which is another problem.

2019-02-07 20:58:08 UTC  

But Obama did not increase taxes

2019-02-07 20:58:12 UTC  

Obama cut the deficit in half

2019-02-07 20:58:13 UTC  

Clearly not, when effective taxes fell

2019-02-07 20:58:19 UTC  

But he didn't increase taxes

2019-02-07 20:58:22 UTC  

he extended the Bush tax cuts

2019-02-07 20:58:32 UTC  

which is where your argument immediately falls apart

2019-02-07 20:58:35 UTC  

As revenue rose aswell

2019-02-07 20:58:45 UTC  

He increased the top marginal tax rate

2019-02-07 20:58:50 UTC  

No he didn't

2019-02-07 20:58:51 UTC  

He kept the middle class tax cuts

2019-02-07 20:58:53 UTC  

Yes, he did

2019-02-07 20:59:05 UTC  

The top marginal rate was increased from 35% to 39%

2019-02-07 20:59:18 UTC  

No he didn't.

2019-02-07 21:00:34 UTC  

Hw Bush rose taxes and Clinton cut taxes

2019-02-07 21:00:38 UTC  

as the effective tax rate fell

2019-02-07 21:00:48 UTC  

https://cdn.discordapp.com/attachments/418667927169138688/543174316620251156/Screen_Shot_2019-02-07_at_21.00.44.png

2019-02-07 21:00:56 UTC  

so in effect you admit the tax cuts helped

2019-02-07 21:01:01 UTC  

and didn't cause a deficit

2019-02-07 21:01:23 UTC  

Reagan cut taxes and tax revenue boomed up, but he increased spending.