Going on four years now when will tax revenues go up?

[Bandit]

That is the theory of supply side economics. Cut Taxes and tax revenues climb through the roof. Last month we posted a forty five billion dollar deficit. How long is it supposed to take for the tax cuts to kick in? When can we say "Your supply side economics theory is bogus"? How long do we have to wait for the proof? I would suggest we can't afford to wait much longer or there will be nothing left at all. All evidence points to their theory being BS. How much longer before we say "Prove It"?

[bryant69]

1. Alternative theory

We have Reagonomics for 12 years off and on with varied results, then a Democrat gets in, sets us back on a more solid economic track, and all the credit goes to to . . . wait for it . . . Ronald Reagan.

The same will probably happen this time. 4 (Or, God help us, 8) years of Bush-o-nomics and then when the economy rebounds under President whoever, the Republicans will again suggest that it was all to w's credit.

Bryant
Check it out --> http://politicalcomment.blogspot.com

[Yupster]

2. Chimponomics?

Simionomics? Need a catchy phrase here.

[Yupster]

3. This year

for the first time in three years there will be significant capital gains income to report. It still won't be that much though because many of the stocks being sold are still being sold for a loss.

Much of the unexpected revenue that came in during the 90's was the capital gains income from the selling of stocks that went up 20 + % for five years in a row from 95-99. It was only later that we learned that not all of that gain was honest and much of it was based on dishonest accounting.

[arewethereyet]

4. wasn't the deficit going to shake out at like several hundred Bil ?

earlier this year ? if my recollection is anything like true then thats a decided improvement. all I recall for sure was being pretty depressed about the figure and 45 bil would not depress me that much.