Quote:
Originally Posted by Jim in CT
He cut capital gains taxes in 1997. Let's go to the numbers, shall we? GDP growth by year...
93 2.7
94 2.4
95 2.7
96 3.8
97 4.5 --> year of tax cut
98 4.5
99 4.7
00 4.1
No spike in GDP growth after the tax cut?
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No.
You're an actuary right, someone who understands how trends would impact future performance?
How then does a tax cut magically impact the year it's implemented, GDP being calculated after the fact. Not to mention there's an already established vector? Not to mention the other variables that had a much larger impact on the economy like the tech boom.
It's time to fess up on your real job. Subway? Don't be ashamed, any work is respectable in my book.