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Old 02-22-2013, 04:17 PM   #181
Loneiguana Loneiguana is offline
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Join Date: Nov 2012
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Quote:
Originally Posted by patteeu View Post
Embarrassing. You should quit now.
Here is another:

http:// mjperry.blogspot. com/2010/09/us-poverty-rate-1959-to-2009.html

2. The poverty rate in 2009 was below the rate in 1982 (15%), 1983 (15.2%) and 1984 (14.4%) following the 1980 and 1981-1982 recessions.

3. The increase in the poverty rate (Table 5 in the report) associated with the recessions of the early 1980s was 3.8 percentage points (11.4% in 1978 to 15.2% in 1983), which is more than twice the 1.8 percentage point increase from 2007 (12.5%) to 2009 (14.3%).

The tax cut was in 1981. Poverty increased in 1981, 1982, 1983. The is absolutely not connection between cutting that top tax rate and a decrease in poverty in 1984.
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