In 1993, Republicans said Clinton tax hike on rich would lead to a "recession" -- the economy boomed

[Report1212]

Huge rundown of what Republicans said then and why we shouldn't take them seriously now. Tons more at the link:

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THE HERITAGE FOUNDATION: Heritage, the go-to think tank for the Republican Party, argued that the tax increase would somehow lead to “higher deficits” and that it served as a “recipe for a recession.” The organization also predicted that the tax increase would “destroy jobs” and “undermine America’s international competitiveness.”

REPRESENTATIVE JOHN BOEHNER (R-OH): “The problem in not that we do not tax enough, it is that Government spends too much. The President has reverted to true form, that of a tax and spend, old-time Democrat. He has abandoned tens of millions of middle-class voters that trusted him. Raising taxes on the middle class is not patriotic, it is idiotic.” (From the Congressional Record on February 17th, 1993)

SENATOR ORRIN HATCH (R-UT): ”Mr. President, taxpayers will adjust to these new taxes by shifting investments into ones that generate fewer taxes by working less and by taking fewer risks. The consequences will punish far more than just the wealthy. Economic growth will slow and fewer jobs will be created.” (From the Congressional Record on August 6th, 1993)

SENATOR MITCH MCCONNELL (R-KY): This package contains the largest tax increase in history, and promises deficit reduction. This package will not reduce the Federal debt, or even balance one annual budget for that matter. (From the Congressional Record on August 6th, 1993)

SENATOR CHUCK GRASSLEY (R-IA):
Mr. President, I really do not think it takes a rocket scientist to know this bill will cost jobs. (From the Congressional Record on August 6th, 1993)

Read more: http://boldprogressives.org/flashback-republicans-predicted-clinton-tax-increase-on-rich-would-lead-to-a-recession/

If you're a redditor, you can reddit upvote this piece here: http://www.reddit.com/r/politics/comments/14dvz3/in_1993_republicans_said_clinton_tax_increase_on/

[underoath]

1. Internet boom helped create jobs

[Report1212]

2. Definitely, but I think the main point of this post is that

Tax increases didn't KILL jobs, which is what the Republicans are saying.

[BlueCaliDem]

3. That's exactly what the RepubLemmings counter with

every time I bring up the Clinton jobs boom. Fancy that.

[Report1212]

4. Ask them how the internet boomed when..

Clinton had those tax hikes go in. Wasn't he taxing the "job creators"? Fancy that!

[dmallind]

9. Bullshit to that as a major factor. The entire IT field never employed more than a fraction...

...of Clinton's 23MM+ new jobs, and is not all that smaller than its peak even now. Internet commerce has obviously INcreased since then too. This canard of pretending the jobs surge was just a lucky one time internet fad always was bullshit and still is.

[Old and In the Way]

10. Thanks Al Gore!

It was his progressive vision in creating the legislation to move the internet from a quasi-governmental state into general commercial application. I have no doubts, had the Republican majority on SCOTUS not selected Bush. he'd have made decentralized, renewable energy an economic priority for the US economy and we'd have avoided the Deficit Disaster, aka the Bush Administration.

[bemildred]

5. Yep, it's bullshit, taxing the hell out of rich people is GREAT for the economy.

It keeps the money moving around, plain and simple, and it keeps more of it here.

[ashling]

6. And Kasich said that if the Clinton Plan were to work

he'd have to become a Democrat.

we're waiting . . .

[Report1212]

7. Ha ha

Or maybe he wants the Democrats to become what he was at that time, which a faction have...

[Coyotl]

8. Boehner: "Raising taxes on the middle class is not patriotic, it is idiotic.”

Play that again, Mr. Leader, as you go over the Cliff.

[bamacrat]

11. One big difference.

No matter how vile the right was back then, they are worse now. The Koch's of the world would purposely try to tank the economy just to fuck Obama. The uber-rich have way more control and power now and would do anything to screw this country over to say i told you so. They have enough money. They could lose $10Million a year and still die richer than 99.5% of this country.