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To: Pelham
There was a growth effect, as expected, but the rate cuts themselves didn't increase the Treasury's income as Gilder and Wanniski and other popularizers[sic] of supply side often claimed, and which get endlessly repeated 35 years later.

The fact show revenues grew during that period so you are not really making any sense. Dollars don't come into the treasury marked "from tax cut", "from stimulation" "Form population growth". The mathematical facts are revenue grew 50% in those years 1980-1988.

67 posted on 02/06/2016 5:05:42 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

“The fact show revenues grew during that period so you are not really making any sense.”

You’re arguing with one of the architects of Reagan’s tax policy and not me. I’m just telling you what Lawrence Lindsey wrote in his book after running a study to see how the program he helped to design performed. You’re welcome to do that if you believe that you know the subject better than he does.

Tax revenues also grew throughout the Carter years. A chart simply listing the growth of total tax receipts isn’t sufficient to tell you much of anything.

” Dollars don’t come into the treasury marked “from tax cut”, “from stimulation” “Form population growth”. “

No, but there are ways of finding where the increased dollars did come from and that’s why Lindsey ran a regression analysis to account for the different factors that generated the extra revenue.


68 posted on 02/06/2016 10:04:44 AM PST by Pelham (Mullah Barack Obama and the Jihad against America)
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