Raul Grijalva is at it again. Less than a month after nearly losing his seat to a conservative, Raul is back to using made up statistics to argue for the redistribution of wealth. This time he quotes an article that claims Bush tax cuts resulted in massive loss of revenue for liberals to spend on their programs. What he and the liberal article fail to mention is the little caveat at the bottom of the graph, "as a percentage of GDP!
Lying Chart Of The Day, Classic Edition | The New Republic
GDP figures below show that with each reduction in taxes in 1980 and 2004 there was a corresponding increase in GDP. Oh, and the Grijalva and his lib sources also fail to mention that "real" tax income increased during those periods. Quite a big error on their part!
The Illustrated Frank J: I Prefer “Terran Empire”, But This Will Do for Now - [title reference link] [source] Send to Kindle
1 hour ago