Taxes: No Barrier to Growth in 1990s

The causal story off that graph is something like “in the ’90s, bringing down the deficit through a balanced mix of tax increases and spending cuts was a net positive for growth.” The correlation story off that graph is “the ’90s were a good time for the global economy, and Clinton’s economic management was, at best, a small part of the decade’s successes.” The obviously wrong stories are “tax increases are incompatible with growth” and “Bush’s management of the economy was successful.”

Read the rest of the article at the Washington Post.