i m a former federal tax litigation attorney that s what i did for a living. we have some history. if you look at john f. kennedy a democrat president, he cut taxes in 1962 and 64. we had eight years of economic growth and expansion, about five% a year. pretty good until 68 and 69 when we ryan ceased taxes again that hurt the economy. the real kicker was when president nixon took the dollar off of the gold standard. we had loose money but high taxes that created a disaster throughout the 1960 s because we had increased government spending and increased government regulation. but the real renaissance happened in 1981 when we had tax cuts, ronald reagan, the federal reserve actually kept the dollar pretty stable and when we did that, we saw unprecedented growth. not only under reagan but also under george bush 1st and also under bill clinton. we had 18 years of growth
i m a former federal tax litigation attorney that s what i did for a living. we have some history. if you look at john f. kennedy a democrat president, he cut taxes in 1962 and 64. we had eight years of economic growth and expansion, about five% a year. pretty good until 68 and 69 when we ryan ceased taxes again that hurt the economy. the real kicker was when president nixon took the dollar off of the gold standard. we had loose money but high taxes that created a disaster throughout the 1960 s because we had increased government spending and increased government regulation. but the real renaissance happened in 1981 when we had tax cuts, ronald reagan, the federal reserve actually kept the dollar pretty stable and when we did that, we saw unprecedented growth. not only under reagan but also under george bush 1st and also under bill clinton. we had 18 years of growth
if the debt ceiling were not increased? i m a former federal tax litigation attorney. i absolutely appreciate and understand what will happen. that s why i signed a bill so if boehner puts a bill out there to raise the debt ceiling without any strings attached, will you vote for it? that s why i signed a bill that is the full faith and credit act to make sure we never, ever default. the markets need to know that under no circumstances will the united states government default. no republican will be willing to allow the government to default. you won t allow it to default on october 17th. absolutely not. here s what the president said yesterday, because once again, you are one of his favorite republicans, he was ridiculing something you said in a speech in rockville, maryland. i ll play the clip. getting under his skin. another said a shutdown is exactly what we wanted. well, they got exactly what they wanted. now they re trying to figure out how to get out of it.
tax system to the measure of their spending in the economy or you could go up where everyone pays at the same rate. big camp at the house, he s been vigorously trying to pursue tax reform. that s something that would grow jobs that would help all of our small businesses, big businesses, individuals. let s focus there. i m a federal tax litigation attorney. if you want to know one reason why we aren t seeing job growth in economy, greta, it is the tax code. we are the highest taxed nation in the world for job creators. why do that to ourselves? give ourselves an advantage, not a disadvantage. that s something we can all agree on. and meanwhile, there s while these sort of scandalous things are happening, so many impacts on americans is that the president and his press secretary are using terms phony. when they mean so much to so many americans. devicive and dereszive.
their spending in the economy or you could go up where everyone pays at the same rate. big camp at the house, he s been vigorously trying to pursue tax reform. that s something that would grow jobs that would help all of our small businesses, big businesses, individuals. let s focus there. i m a federal tax litigation attorney. if you want to know one reason why we aren t seeing job growth in economy, greta, it is the tax code. we are the highest taxed nation in the world for job creators. why do that to ourselves? give ourselves an advantage, not a disadvantage. that s something we can all agree on. and meanwhile, there s while these sort of scandalous things are happening, so many impacts on americans is that the president and his press secretary are using terms phony. when they mean so much to so many americans. devicive and dereszive. representative, thank you