Republicans love to tell everyone that reducing taxes will result in more money for the government. It just ain't true! This chart from Think Progress shows the tax receipts as a percentage of GDP before and after the Bush tax cuts for the rich. As anyone with half a brain would expect, tax receipts went down after the taxes were cut. This is just simple math. Why is it so hard for Republicans to understand? Could it be that they're just telling us a lie to protect their rich corporate buddies?
Tuesday, August 03, 2010
The Truth About Tax Cuts & Tax Receipts
Republicans love to tell everyone that reducing taxes will result in more money for the government. It just ain't true! This chart from Think Progress shows the tax receipts as a percentage of GDP before and after the Bush tax cuts for the rich. As anyone with half a brain would expect, tax receipts went down after the taxes were cut. This is just simple math. Why is it so hard for Republicans to understand? Could it be that they're just telling us a lie to protect their rich corporate buddies?
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