Quote from Gord:
Raising taxes when the economy is under stress will not increase government revenues, because the economy will shrink even further. JFK, Ronald Reagan and Bush 43 all cut taxes and increased government revenue through stimulated economic growth.
Quote from bigdavediode:
Look, I can't put it to you any clearer: your theories don't work.
Reagan enacted TEFRA (The Tax Equity and Fiscal Responsibility Act) which was the largest peacetime tax increase in American history -- about 1% of the entire GDP.
The only year that taxes weren't raised under Reagan appears to be 1988.
Republican theories are WRONG as can be seen by the last eight years.
You don't read too well do you? I didn't present theories, but facts. JFK, Reagan and Bush all drastically cut taxes and government revenues went up each time. Deficits are caused by government overspending.Quote from bigdavediode:
Look, I can't put it to you any clearer: your theories don't work.
Reagan enacted TEFRA (The Tax Equity and Fiscal Responsibility Act) which was the largest peacetime tax increase in American history -- about 1% of the entire GDP.
The only year that taxes weren't raised under Reagan appears to be 1988.
Republican theories are WRONG as can be seen by the last eight years.
Quote from Gord:
You don't read too well do you? I didn't present theories, but facts. JFK, Reagan and Bush all drastically cut taxes and government revenues went up each time. Deficits are caused by government overspending.
That is just a claim from a leftwing hack website - a theory that can't be tested or proved. The facts are that liberals like you objected to W's tax cuts by claiming that government revenues would go down. But they went up - just like when JFK and Ronald Reagan cut taxes.Quote from oktiri:
ALERT : Assertion doesn't hold water
http://www.factcheck.org/taxes/supply-side_spin.html
Quote from Gord:
That is just a claim from a leftwing hack website - a theory that can't be tested or proved. The facts are that liberals like you objected to W's tax cuts by claiming that government revenues would go down. But they went up - just like when JFK and Ronald Reagan cut taxes.