Democrats Finally Stop Lying About the Rich "Not Paying Their Fair Share"

[Poor Richard Saunders]

You said it "didn't work" when Reagan or Bush did it, but revenues did increase during those years. I wouldn't necessarily attribute that to the tax cut as much as the fact that revenues almost always increase.

I would attribute it to the increase in tax rate paid for FICA taxes. In 1988 the Feds were collecting 2.8% of GDP more than they were in 1980 from the increase in FICA rates. From 1981 - 1987 over half of the increase in revenues came from increase in FICA revenues.

Tax cuts don't increase revenues nearly as much as tax increases do.