The Return of Voodoo Economics
Rudy Giuliani, the latest practitioner:
In response to questions, they said would not support raising the gasoline tax to finance spending on the nation’s roads and bridges in response to the collapse of the bridge in Minneapolis this week. Mr. Giuliani got into a terse exchange with his questioner, David Yepsen, a political columnist for The Des Moines Register, when Mr. Yepsen tried to ask him about such a tax.‘“David, there’s an assumption in your question that is not necessarily correct, sort of the Democratic, liberal assumption, ‘I need money; I raise taxes,’ ” Mr. Giuliani said.
“Then what are you going to cut, sir,” Mr. Yepsen responded. Mr. Giuliani said that as mayor of New York, he had increased revenue to pay for bridge and road repair by cutting taxes, thereby jolting the economy, and said he would do the same thing as president. The city’s coffers in that period were flush largely with revenues produced by the stock market boom of the late 1990s.
Here's a hint Rudy, your tax cut did not cause the stock market to boom in the 1990s. The President was one William Jefferson Clinton, and Clinton did this to boost the economy:
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