[Man50D]

Mr. Laffer ignores the history of the income tax. People were taxed merely 1% on the first $20,000 of income and 7% on income over $500,000 when the 16th Amendment was passed in 1913. Less than 1% of the population earned more than $500,000 in 1913. Consequently at least 99% were taxed only 1%. That minute tax rate has mushroomed into the burdensome tax rates we have today. Clearly history has proven any tax cuts under the income tax will simply revert back to the oppressive tax burdens we've had in the past and maybe higher. A tax cut is a short term solution

The long term solution is to scrap the income tax code by replacing with The Fair Tax Act(HR25/S296) that will replace all federal income taxes with a national sales tax(not a VAT)and abolish the IRS. Fair Tax ping!

[griswold3]

The left consistently claims tax cuts were our downfall but could never explain that throughout the history of the income tax etc, the federal government never collected more than 20% of GDP. The rest was deficit spending.
(Hauser’s Law)