Quote:
Originally posted by Kadath
You know, it's funny you say that. The top marginal rate under Clinton (wherein we had the largest peacetime economic expansion in US history) was up to nearly 40%, after Reagan/Bush dropped it from 50 down to 28 (later up to 31 91-92 when Bush realized the economy was slumping).
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Comparing the economies during the Clinton era to now is specious. Clinton benefited from the Reagan era policies and then the fraudulent dotcom/telecom bubble combined with a real Y2k bubble. Bush has had to deal with the aftermath of the bubbles' bursts, the corporate fraud scandals and the impact of 9/11. Tax policy is not the only determinant of economic performance. A review of the data does reveal that in general, lower marginal tax rates spur growth.