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Rove Invents Fantasy World In Which The Bush Tax Cuts Led To The Most Government Revenue Ever

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flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-02-10 12:26 PM
Original message
Rove Invents Fantasy World In Which The Bush Tax Cuts Led To The Most Government Revenue Ever
Rove Invents Fantasy World In Which The Bush Tax Cuts Led To The Most Government Revenue Ever

Last month, a handful of prominent Republican lawmakers tried to advance the false claim that the Bush tax cuts of 2001 and 2003 which are scheduled to expire at the end of the year actually increased government revenue. Theres no evidence whatsoever that the Bush tax cuts actually diminished revenue. They increased revenue, because of the vibrancy of these tax cuts in the economy, said Senate Minority Leader Mitch McConnell (R-KY).

Republicans need to invent this fantasy world in order to justify complaining about the federal deficit while simultaneously advocating an extension of tax cuts that would blow an $830 billion hole in the budget, all for the benefit of the richest two percent of Americans. Today, Bush White House adviser and GOP operative Karl Rove appeared on Fox News, where he not only claimed that the Bush tax cuts increased revenue, but that the cuts resulted in the highest amount of government revenue ever collected:

The Bush tax cuts led to a couple of things. They led to first of all, the largest amount of revenue being received by the government. They helped encourage economic growth and grew tax revenuesAt the top, half of small businesses are going to pay higher taxes because they file at the personal rate, and theyre going to get hit.

Roves claim is simply wildly inaccurate. Here are total government receipts as a percentage of GDP since 1990:



The Wonk Room has further look at the historical receipt tables, both in terms of percentage of GDP and real dollars, which prove Rove has no idea what hes talking about.


http://thinkprogress.org/2010/08/02/rove-tax-fantasy
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GreenTea Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-02-10 12:37 PM
Response to Original message
1. Fox news, Limbaugh & the rest will repeat it over & over - The lazy mainstream media will
Edited on Mon Aug-02-10 12:54 PM by GreenTea
pick it up and sell it as truth while millions of the usual misinformed will believe the republican habitual liar Karl Rove, they will quote Rove's bullshit as gospel to all their moronic family & friends.

Shameless Republicans KNOW lies work on tens of millions of eager hateful dumb voters - Rove knows all he has to do is cloud the issue with debate and lies to do the trick and convince the millions of waiting sheep.

Pitiful fucking republicans along with the sickening despicable Karl Rove.

Republicans will say or do anything to keep the deficit raising tax cuts for the rich intact!!
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rocktivity Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-02-10 01:00 PM
Response to Original message
2. Either he's playing Bush Empire Version 2.0
or creating a stealth insanity defense in case Nancy Pelosi decides to put something back on the table!

:think:
rocktivity
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Mnpaul Donating Member (754 posts) Send PM | Profile | Ignore Mon Aug-02-10 01:03 PM
Response to Original message
3. They use total revenues to make their claim
Tax receipts did go up in 2005 but it wasn't due to the Bush tax cuts. It was due to the passage of the American Jobs Creation Act which allow corporations to repatriate foreign profits at a 5.25% rate instead of 35%.
http://www.slate.com/id/2139782/
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flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-02-10 01:45 PM
Response to Reply #3
4. Thanks for pointing that out. The talking heads surely won't!
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Mnpaul Donating Member (754 posts) Send PM | Profile | Ignore Mon Aug-02-10 03:34 PM
Response to Reply #4
7. Damn librul media
They never cover anything good
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Bitwit1234 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-02-10 01:49 PM
Response to Original message
5. One thing....it these tax cuts produced revenue...then how come
Bush left 8 trillion dollars in debt.
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paparush Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-02-10 02:07 PM
Response to Reply #5
6. C'mon, you know the answer to this...
9/11 !!

9/11 !!

9/11 !!






:sarcasm:
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flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-02-10 04:13 PM
Response to Original message
8. Kick for Tweety! He's really taking it to the Rethug on his show on their tax cut lies!
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mikekohr Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-02-10 05:53 PM
Response to Original message
9. I Call Bullshit! Here's a graph that puts the Lie on Rove's Lips
WHY DO REPUBLICAN ECONOMIC PRINCIPLES EXPAND THE NATIONAL DEBT?
-The answer is simple mathematics. Reduced revenue + increased spending ='s increased debt-


?
(click to enlarge)
http://cedarcomm.com/~stevelm1/usdebt.htm

The two biggest promises of "Trickle Down Economics" are it's greatest failings. Proponents of "Trickle Down Economics claim that tax cuts, skewed to the rich, will create jobs and increase tax revenues. The graph above disproves the latter claim. Job creation plummets under "Trickle Down Economics (see http://bureaucountydems.blogspot.com/p/job-growth.html )and nine of the last ten recessions have occurred under Republican leadership (see http://bureaucountydems.blogspot.com/p/history-of-reces... ).

Two things are certain to grow when a Republican is in the White House, unemployment and the National Debt.


By contrast, "Bubble Up" economnic priciples practiced by Democratic Administrations put people to work, rev up the economy, and balance the Nation's ledger books. Every time. No exceptions.



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flpoljunkie Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-02-10 08:42 PM
Response to Reply #9
10. Chart could not spell it out any better! Thanks!
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niceypoo Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-02-10 09:20 PM
Response to Original message
11. Republicans have been making this arguement since the 80s
This is the core of their economic ideology
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Avalux Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-02-10 09:24 PM
Response to Original message
12. I remember warning people...
winning the election was just the beginning and then the real work starts. Rove and his gang aren't sitting up in that white house right now but that doesn't mean they're not still plotting; looking for their next puppet; busily re-writing neocon history so they can take over again and finish their destruction.

This piece of delusional crap is a perfect example.
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Blue Owl Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-03-10 12:53 PM
Response to Original message
13. Fuck KKKarl's Turdworld
If only I had a shiny nickel for every lie that piece of shit has spewed forth.
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