Budget Facts: Taxes Control Revenue

  • Under Bill Clinton federal income tax revenues increased by $528 billion.
  • Under George W. Bush federal income tax revenues decreased by $266 billion (the largest drop in revenue ever).
  • Under George H. W. Bush federal income tax revenues decreased by $10 billion.
  • Under Ronald Reagan federal income tax revenues increased revenues increased by $84 billion.
I wonder what it is that Clinton and Reagan have in common that caused them both to oversee an increase in revenue?  Oh yeah, they both raised taxes.  In Reagan's case numerous times.


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