The Democrats are going to say, "We raised taxes in the '90s, cut the deficit, and the economy boomed." Why not try and rerun the '90s instead of cutting taxes? Because we have actually done more job creation by lowering taxes than by raising taxes.
Really? See this post including the second update with Paul Krugman’s comments. Rudy continues:
The federal government is collecting 21 percent more revenues from the lower taxes than the higher taxes. And when they argue with me about this, most of them are arguing about theory - meaning the Democrats. They've never done it. They've sat in a legislature somewhere and debated. I actually did it. I actually did what I'm talking about. I'm not talking about this from the point of view of theory. I actually did it. I lowered taxes at a time in which we were in economic distress … The Kennedy tax cuts led to the same results of the Reagan tax cuts and the Bush tax cuts. One of the worse tax increases in the history of this country was by Herbert Hoover. They all got frightened with the stock market crash. Taxes got raised, tariffs got raised, and they took what could have been a cyclical problem and turned it into a long, 10-, 12-year problem.
I see Rudy is taking credit for the Clinton boom again. Tax rate cuts leading to more tax revenues - what a complete and utter idiot. Of course, Pethokoukis never challenged this complete and utter horseshit as he rather let Rudy babble some meaningless spin about cutting spending. Rudy notes some government employees will retire, which will likely mean their jobs will have to be filled with someone else. There was not a single serious discussion of what programs would be cut. And not a real follow-up question from Pethokoukis.
I do have a thank you for James Pethokoukis. You had the decency to stop emailing me these utterly worthless pieces of yours. Now if you’d cease from submitting them to U.S. News – maybe they’d hire a real business reporter.