CS writes:
High taxes does stifle newer business development and if you can promote that kind of growth then you can get more jobs n'stuff.
That seems reasonable on its face, but the historical record does not support the assertion; quite the opposite.
No GOP electoral victory in modern times has ever led to a lower deficit. The deficit has been the GOP's favorite cudgel for cutting social safety nets and social/infrastructure investment. They have no authentic interest in losing that political weapon.
Bush ran as a fiscal conservative; the deficit exploded; ditto Reagan. The strong economies of Reagan's second term and Clinton's tenure both followed tax increases; Bush's enormous tax cuts for the wealthy preceded the greatest economic collapse since the Depression.
During Bush's tenure, conservatives explicitly argued that "the deficit doesn't matter." Once a Democrat takes office, the GOP argues that no major government initiatives are possible because of the deficit (see Clinton and Obama years).
"Fiscal conservatism" is one of the biggest of the American conservatives' big lies.
Edited by Omnivorous, : too many quites
Edited by Omnivorous, : typo: outta practice
"If you can keep your head while those around you are losing theirs, you can collect a lot of heads."