“Cutting marginal rates has been proven to increase revenues no matter where the business cycle happens to be”
Not true at all.
People need to read the writing of Reagan’s economists instead of getting their “knowledge” from radio personalities and other such parrots of misinformation.
If rate cuts were expected to deliver an increase in revenue, why do you suppose that the Reagan rate cuts included matching spending cuts?
The answer is that they weren’t expected to deliver higher revenues and they didn’t. The Reagan rate cuts did deliver what the Reagan economists predicted that they would do, which is to recoup a large portion of the tax loss forecast by static analysis. All of this can be found in Martin Anderson, Lawrence Lindsey, Paul Craig Roberts, all of them architects or sympathetic students of supply side fiscalism.
Do your home work and stop making a stupid twit out of yourself on a public forum. FEDGOV ™ REVENUES FROM 1982 to 1988 DOUBLED AND THIS HAS BEEN ATTRIBUTED TO MARGINAL RATE CUTS. Do a little research it is not that hard. I will not spoon feed you.
FACTOID: Revenues were 500B when Reagan took office and were approaching a Trillion when he left in 1988.
Hey go to the DU if you want to preach REVENUE enhancement. I got your revenue enhancement right here.