About our great President Obama allowing the Booosh tax cuts on incomes above $250,000 to expire at the end of the year with the absolutely asinine statements that it will be a "job killing tax hike on small businesses" and that we will "risk another double dip recession" but wait just a minute because the FACTS are that these hypocrites said this about President Clinton's Proposed tax increases on the rich in 1993….
"These tax increases will in fact kill the current recovery and put us back in a recession. It might take a year and a half or two years but it will happen.” – Newt Gingrich
“Clinton’s tax increases will kill jobs, kill businesses, and yes, kill even the higher tax revenues that these suicidal tax increasers hope to gain.” – Rep. Christopher Cox
“When you raise taxes, you kill jobs.” – Rep. Bob Goodlatte
So why don’t we review what DID happen after the Clinton tax increase was passed in 1993….
1. The budget deficit was immediately cut in half
2. Within four years we had a budget surplus
3. We saw the seven best years of economic growth in our nation’s history
4. The stock market TRIPLED in value
5. Our economy saw 22 million new jobs created
The bottom line is that there is ZERO historical evidence to support the claim that tax cuts for the rich create jobs and that’s a fact that every single teapublican needs to be educated on.