Would you "friend, unfriend—or block" Bill Clinton? Hillary? Shia? Madonna? Attendees at the 2017 International Students For Liberty Conference give some unexpected answers.
For Part I, click here.
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Voices From The 2017 International Students For Liberty Conference
Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).
ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.
BLS: 3.93% Shadow Stats: 21.5%
May Year-to-Year: 2.46% (CPI-U*) Shadow Stats: 9.9%
*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]