[JeffAtlanta]

No. They won’t. Tax hikes generate less revenue. You know that

Yet Reagan's tax cuts were reversed.

Tax hikes don't always generate less revenue either. It depends on a lot of factors. A 40% tax rate will surely generate more revenue than a 90% tax rate but it will also generate more revenue than a 1% rate as well.

It is a moot point anyway. The american public just doesn't by the lower taxes equals more revenue.

[elfman2]

"Yet Reagan's tax cuts were reversed."

Were they really? I don’t recall how significant Clinton’s tax hikes were, but I’m sure then didn’t come near reversing Reagan’s cuts. X42’s increased revenue came from the peace dividend and the tech bubble.

It could be said with equal validity that it’s a moot point what Americans believe can be achieved from tax hikes. Try it, and revenue goes down. And the more it’s tried the less ambiguous the correlation becomes.