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To: 2ndDivisionVet
"...with a tax plan that would increase the U.S. deficit by up to $12 trillion over 10 years ..."

Does anyone remember what the media said about the Reagan tax plan, with regards to the deficit?

I seem to recall similar dire warnings. But I honestly do not remember.

4 posted on 12/28/2015 12:30:33 PM PST by airborne
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To: airborne

Yep. They ignore the fact that lower taxes stimulate the economy. Revenues doubled under Reagan despite (or because of) lower tax rates. Unfortunately spending tripled.


7 posted on 12/28/2015 12:36:20 PM PST by Hugin ("First thing--get yourself a firearm!" Sheriff Ed Galt, Last Man Standing.)
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To: airborne

I remember. They said EXACTLY the same thing.

Still they use the static analysis. Intentionally obtuse.


9 posted on 12/28/2015 12:36:53 PM PST by skeeter
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To: airborne

Trickle down Economics!!!


27 posted on 12/28/2015 2:56:33 PM PST by tallyhoe
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