Replies

He was lied to about the cuts.

Stop being a mindless sycophant, dude.

Nobody who spent that much time as a successful political figure gets "lied to" about anything.

65 posted on 08/11/2021 10:02:37 AM PDT by Alberta's Child ("And once in a night I dreamed you were there; I canceled my flight from going nowhere.")

To: Alberta's Child

Apparently you weren't around in the 1980's. I guess you are about 40?

TAX CUTS ARE GOOD FOR THE ECONOMY AND REVENUE. FACT JACK.

67 posted on 08/11/2021 10:05:42 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)

To: Alberta's Child

HOW DID THE REAGAN TAX CUTS AFFECT THE U.S. TREASURY?

Many critics of reducing taxes claim that the Reagan tax cuts drained the U.S. Treasury. The reality is that federal revenues increased significantly between 1980 and 1990:

Total federal revenues doubled from just over $517 billion in 1980 to more than $1 trillion in 1990. In constant inflation-adjusted dollars, this was a 28 percent increase in revenue.3
As a percentage of the gross domestic product (GDP), federal revenues declined only slightly from 18.9 percent in 1980 to 18 percent in 1990.4
Revenues from individual income taxes climbed from just over $244 billion in 1980 to nearly $467 billion in 1990.5 In inflation-adjusted dollars, this amounts to a 25 percent increase.

Link: The Real Reagan Economic Record: Responsible and Successful Fiscal Policy

69 posted on 08/11/2021 10:12:21 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)

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