Wednesday, October 18, 2006

Its the Economy, Stupid! (courtesy of The Club for Growth)

2003 Bush Tax Cut: By The NumbersHistoric Tax Cut Boosts Growth, Lifts Stock Market, and Increases Jobs
$14,374,330,000,000-Total Increase in Household Wealth Since April 2003
$5,700,000,000,000-Total Increase in Shareholder Wealth Since May 20, 2003
$863,654,000,000-Total Amount of Tax Cuts Enacted Since Fiscal Year 2003
$783,890,000,000-Total Amount of Additional Tax Cuts to be Returned to Taxpayers Through 2010
$625,000,000,000-Total Increase in Federal Tax Revenues Since FY 2003
$207,788,000,000-Reduction in the Deficit in the Past 29 Months Due to Stronger Economic Growth
$98,600,000,000-Combined Income Gains for Shareholders From Dividend Increases & Tax Savings 03-05
$62,000,000,000-Surplus of Capital Gains Tax Revenue Not Accounted For By Revenue Estimators
$60,000,000,000-Deficit REDUCTION Since the Tax Cut Was Signed Into Law
300,001,643-Total Number of Americans benefiting from President Bush’s Tax Cut
91,000,000-Number of Individuals Owning Shares of Stock in America
23,000,000-Number of Small Businesses Benefiting from Income Tax Reductions
6,600,000-Number of Jobs Created Since the Tax Cut Was Signed Into Law
12,000-The Magic Number of the Dow Jones Industrial Index is an Arms Length Away
$2,092-Tax Increase for a Family of Four With $50k of Income if Tax Cuts Are Repealed
200-Number of House Members Who
Voted Against This Growth Generating Tax Cut
50-Number of US Senators Who
Voted Against This Growth Generating Tax Cut
25-Number of Years Dividend Paying Companies Declined Prior to the 2003 Tax Cut
164.0%-Increase in the Dividend Tax Rate if the Income and Dividend Tax Cuts Expire
123.0%-Increase in Dividend Income and Share Repurchases Since 2003 Tax Cut
91.0%-Increase of Stock Ownership in the Bottom Quintile of Income Distribution Since 1995
74.0%- Increase in S&P 500 Companies Boosting Their Dividend Since 2002
65.0%-% of Voters Who Were Investors in the 2004 Elections
51.2%-% of Total Tax Cut "Cost" That Has Been Recouped From Higher Levels of Growth
14.0%-% Margin of Victory for Republicans From Investor Voters in 2002 Elections
4.6%-Unemployment Rate Which Continues To Disprove the Constant Economic Pessimism
3.7%-% Average Quarterly GDP Growth Since Tax Cut Was Enacted (long run average is 3.3%)