[mbraynard]

Well, it did make up for the loss of revenues. http://www.heritage.org/research/features/budgetChartbook/Images/taxes-tax-rates_02-580.jpg

Futher, economic growth lowered the cost of debt so that the government could borrow at a better rate, as well.

[Lets Roll NOW]

gifted amateur, Ronald Reagan

Newsweak can’t go broke fast enough.

[RightOnTheLeftCoast]

Here:



Clearly the guy who wrote this thing has no trouble with tax rates approaching 100%, nor has he considered the common-sense consequences of such confiscatory taxation. The genius of the Laffer Curve is its simplicity. Tax rates are, at some point, inversely correlated with tax revenues. So simple, but so obvious.