Why did the economies of Reagan, Clinton and W all boomed when tax rates were cut?
.... in the case of Clinton, some rates WERE higher for selected groups. BUT... many more deductions and loopholes! What about Obama?
Asked By: jimbo - 9/8/2012
Best Answer - Chosen by Asker
Because if companies have more money to invest they will create more jobs and have better products. More total value will be created for everyone not just the poor.
Answered By: ILovemyWifeawholelotmore - 9/8/2012
Additional Answers (5)
Lowest tax rate in modern times. But, Regan's economy in 1986 didn't seem booming at all. He had ultra high, highest tax rates in our modern history.
Answered By: Steve - 9/8/2012
Reagan & W were deficit spenders, Clinton wasn't. W left us with a recession.
Answered By: faizah - 9/8/2012
You are wrong, Reagan raise taxes 37 times and more, Clinton raise taxes 5 times. W didnt and that is why we are in the mess. He left us with policies that went into effect two years ago when congress came into play and now we can't get rid of them because of congress. None of PBO policies have pass the congress. In... More
Answered By: almaciga - 9/8/2012
George W. Bush did not bring on a boom. He tried the trickle down again, and put the nation in the toilet.
Answered By: Patrick4024 - 9/8/2012
The economies and the effects of taxation in all four administrations is very different. Under Reagan taxes were increased 11 times but we did not have globalization. Under Clinton they were lowered but we added 22 million jobs in the high tech boom, and no big deficits. Under Bush, taxes were reduced further so... More
Answered By: Flower - 9/9/2012
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