Taxes and the economy

Bush and the GOP tell us that low taxes leads to a good economy and increasing taxes will wreck the economy. Cactus at Angry Bear has put together two graphs that demonstrate exactly the opposite relationship. First, how has the economy done during various presidential terms:

Second, what happened to taxes during those presidential terms:

Increasing taxes helps the economy!

Maybe. Maybe not, but realistically many government activities influence the economy. Tax levels is only one. So why is the right so totally focused on reducing taxes? Hmmm….dismantling social insurance programs?? Delivering bucks to well-off donors??? Who knows.

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