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pure fantasy for you 403Forbidden
Federal Reserve Chairman Alan Greenspan: Tax Cuts Better For The Economy Than Spending Increases. ?[T]he likelihood of maintaining a still satisfactory overall budget position over the longer run is greater, I believe, if surpluses are used to lower tax rates rather than to embark on new spending programs. History illustrates the difficulties of keeping spending in check, especially in programs that are open-ended commitments, which too often have led to larger outlays than initially envisioned. Decisions to reduce taxes, however, are more likely to be contained by the need to maintain an adequate revenue base to finance necessary government services. Moreover, especially if designed to lower marginal rates, tax reductions can offer favorable incentives for economic performance.?
(Chairman Alan Greenspan, Testimony Before the House Committee On Banking and Financial Services, February 17, 2000)
Gore?s Economic Plan Would Destroy Our Prosperity And Lead To An Economic Downturn.
Taxpayers would be in a worse position under Gore. They?d be stuck having to support existing federal spending, plus an army of new billion-dollar programs, most people?s taxes would be as high as ever, and tax revenue still wouldn?t produce enough to feed the beast. . . . If Gore had his way, taxpayers could be strapped without an economic downturn. (Debra J. Saunders, Bush Tax Plan Beats Gore?s Big Spending,The San Francisco Chronicle, August 25, 2000)
Gore?s Spending Plans And Over-Regulation Will Slow Investment And Growth. ?The investor class is beginning to focus on Gore?s anti-business presidential theme. It seems increasingly clear that a President Gore will heavily regulate a number of business sectors in the U.S. economy, especially ones he does not consider socially useful. . . . Gore?s over-regulation, however, along with his spending plans, will drain resources from the productive private sector and slow investment, jobs, and growth.? (Larry Kudlow, ?The Gore Correction: The Vice President is Spooking the Markets,? National Review Online,
www.nationalreview.com, September 21, 2000)
Gore Tells Reporters He?s Ready To Raise Taxes In A Recession - Even Bill Bradley Wouldn?t Do That! ?Gore told the press that if recession were to develop, he might have to cut spending to maintain a balanced budget. The New York Times reported Gore?s promise to raise taxes in a recession to defend the surpluses. The idea of doing either is economic nonsense, since both would deepen a recession. The idea is a political nonstarter.? ?[Bradley said] Mr. Gore was making a mistake in being willing to raise taxes to finance programs during an economic downturn. . . . ?You don?t raise taxes in bad economic times,? Mr. Bradley said. ?That?s when you cut taxes. Raising taxes in dire economic times makes the economy worse. That?s when you put money in people?s pockets.??(Greider, William, ?Gore Wants To Keep Shrinking Government Debt,? The Nation, August 21, 2000; James Dao, ?Bradley Says Ruling Out A Tax Hike Is Dishonest,? The New York Times, December 7,1999)