Sphere: Related ContentAs we approach the coming election, these are facts you should know about. I hope you will help get a wide distribution for this information.
1. In the last 2 years, U.S. tax collections have increased by
$521 Billion. Even when adjusted for inflation, this is the largest 2 year tax revenue growth in the history of the country. On September 15, 2006, tax revenue reached a single day record of 81 Billion dollars. This broke the old record of 70 Billion dollars. That’s a huge increase for a single day.
2. The deficit has been reduced at twice the rate predicted
when the Bush Tax cuts went into law. Despite being hit by 9/11 and spending an additional $300 Billion on Homeland Security, and $100 Billion as a result of hurricane Katrina (let along 4 hurricanes in Florida, and Rita in Texas) the deficit is now less than the average annual deficit over the last 40 years.3. Everyone is enjoying the results of the tax cuts. If you
were in the lowest tax bracket, your tax rate went from 15% to 10%, a reduction of 1/3rd. An average family of 4 pays no taxes for income below $35,000. That is the highest level of untaxed income in the history of the country.4. The unemployment rate is 4.6%. Can you remember when it
was lower? I can’t. During recent months, the average increase
in American wages has risen 4%. This is remarkable in an economy that has very very low inflation.5. We are now in the middle of one of the longest uninterrupted economic expansions in the history of the country. There have only been a couple that have been longer. And, it is based on actual production growth, not the air bag Internet boom of the 90’s.
6. The Dow Jones Average is at an all time high. Economic
outlook is for a slowing of the economy, but not an end to the
growth. Economic expansion will continue (unless the Dem’s take away the tax cuts and kill the economy).Nancy Pelosi has already said her first priority is to raise taxes.
You don’t have to be a genious to know this will kill the economic
growth. Every time taxes have been cut (Wilson in the 20’s, Kennedy in the 60’s, Reagan in the 80’s, and Bush in the 2000’s) tax revenues have soared. Government growth does not create jobs, economic growth does. Be sure to vote.The economy is good and getting better.
Pass it on if you will.
Thanks
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