A Quote by Rush H. Limbaugh III on america, clarity, country, economics, experience, growth, history, improvement, income, jobs, restaurants, sharing, success, and taxes
Regarding the Economy & Taxation: The record of economic success during the 1980's is clear: 18.6 million new jobs were created, increasing U.S. civilian employment by 20 percent. Only 12 percent of these jobs were in low-paid restaurant and retail areas, while 82 percent were in high-paid technical, managerial and professional areas. Once Reagan's tax cuts kicked in (fiscal year 1982), the country experienced 92 months of economic growth without a recession. This represented the longest period of sustained peacetime economic growth in American history. America's most successful achievers do pay a higher share of the total tax burden. The top one percent income earners paid 18 percent of the total tax burden in 1981, and paid 25 percent in 1991. The bottom 50 percent of income earners paid only 8 percent of the total tax burden, and paid only 5 percent in 1991. History shows that tax cuts have always resulted in improved economic growth producing more tax revenue in the treasury.
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