Hello, I am Jeremy, volunteer coordinator for ?????? campaign, and I am following up with your e-mail.
Paul is not more of the same. He is a father, husband, friend and businessman. He has never ran for public office before. He is not like a FDR candidate. When FDR first ran for president, he ran under the platform that the Hoover administration was spending too much and was taxing the American people too much. FDR wanted to cut taxes, but when he got into office he ran up the deficit even more and according to UCLA economists, he extended the depression by 7 years.
In the 60’s, JFK cut taxes and tax revenues climbed from $94 billion in 1961 to $153 billion in 1968, an increase of 62 percent (33 percent after adjusting for inflation). During the inflation era of the 1970s pushed millions of taxpayers into higher tax. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed tax cuts in the 1980s. Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).With the Bush Tax Cuts, 1.4 million jobs were added in the nine months after August 2003 (the 2003 tax cuts were signed into law in late May 2003). The unemployment rate remained steady at 5.6 percent in May 2004, well below its peak of 6.3 percent a year ago. The Treasury Department estimated that without the tax relief, as many as 1.5 million more Americans would be out of work right now, and the unemployment rate would be well over 7 percent.
There was a depression that in 1920 was worse in the beginning stages than the Great Depression. Tax rates were slashed dramatically during the 1920s, dropping from over 70 percent to less than 25 percent. Personal income tax revenues increased substantially during the 1920s, despite the reduction in rates. Revenues rose from $719 million in 1921 to $1164 million in 1928, an increase of more than 61 percent and the unemployment rate was at its lowest point in history.
When tax rates are reduced, the economy's growth rate improves and living standards increase. Cut income taxes and spending across the board by will immediately put money in the hands of American people, while simultaneously reducing the size of government across the board. If the American citizen has to live within their means, then so should our government. This will reinvigorate the private sector, empower the American people and shrink the size of government. The result: a vibrant economy that will create jobs, balance the budget, and restore the confidence of the American people in our leadership.