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David Sirota: The Tax History Conservatives Want Us to Forget

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Saved by 1 people (-1 private), first by anonymouse user on 2008-11-25


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I went on to make the point that I've often made in the past - the point that conservatives simply want everyone to forget: Namely, that President Clinton faced down a recession in 1993 by raising taxes on the wealthy in order to finance an economic stimulus package, and the economy subsequently boomed.

That simple, undeniable bit of history undermines the entire structure of conservatives claim that raising taxes on the super-rich will hurt the economy.

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