Historically tax revenue balloon when rates are reduced. Check 1960’s and 1980’s.
Yeah that’s two examples. And I hope it does the same thing this time. But there are no guarantees. Nobody really knows what the laffer curve looks like. Clearly there is a point as you continue to reduce rates that tax revenue will start to fall. I think revenuews will increase this time too.
Will the economy grow faster than jobs are being siphoned off to offshoring? I don’t know. Will it be a quality economy? I don’t know.