Quote:
Originally posted by The Larry Davis Experience
I don't know about '45 or Ireland, but I'm fairly sure that the Reagan tax cuts did not result in anything approaching an increase in revenues.
A brief google shows that the govt recouped at most 1/3 of the revenue lost, but I'm not seeing too many figures in the first cites that come up. Perhaps others can succeed where my google-fu has failed.
|
The restructuring of the tax code in 1986 was not really a "tax cut," it was a whole redoing of the entire tax code, and it was (I think honestly) intended to be revenue-neutral. This would be a concept for Bush and the current Congress to think about.
Edited to add that I think there was a cut in 1984 and I think another in 1988, maybe, and those were just regular cuts.
