The Mudcat Café TM
Thread #119021   Message #2583418
Posted By: Sawzaw
07-Mar-09 - 03:18 PM
Thread Name: BS: Obama Goes For Broke
Subject: RE: BS: Obama Goes For Broke
"Is it any wonder that revenues dropped after the Bush tax cuts to the wealthy???"

2001        1,991.4        -1.7%                        
2002        1,853.4        -6.9%                        
2003        1,782.5        -3.8% Jobs and Growth Tax Relief Reconciliation Act signed by President Bush on May 28, 2003                
2004        1,880.3         5.5%                        
2005        2,153.9        14.5% Biggest gain in 23 years                         
2006        2,407.3        11.8%                        
2007        2,568.2         6.7%                        
2008        2,523.6        -1.7%
        
Tax revenues rose 24.3% over the entire 8 years and 36.7% since the tax cut