Keep that thought in mind. We were plagued by sagging financial markets, high unemployment and decreasing consumer confidence. Increasing tax rates, the top marginal rate was raised from 28 to 31 percent in 1990 and from 31 to 36 percent in 1993, does not stimulate the economy. Taking money away from consumers does not encourage growth. What Ronald Reagan proved in the 1980s was that putting money back into the system works.
Job security means financial security, and the cycle goes on.
The reason they don t, and the reason Zell Miller of Georgia and five other rumored Democrats support Bush s tax plan, is that the only way off of our present course is by giving money back to the people. The laws of greed may be no more predictable than the laws of fear, as White explained, but it is only in the face of financial security through tax cuts that consumers are forced to make the decision of spending or saving. Except for now. Sign up for weekly Newspeak updates and be informed of what's really happening in the world. Advertisers The Independent Student Newspaper of the University of Missouri since 1997.