Quote:
Originally posted by hoosier
Facts don't support your conclusion.
The tax cuts of the Reagan era led (as expected) to MORE federal revenues and to a long period of prosperity ending near the end of Clinton's reign and the dot com collapse.
Bush's first term tax cuts have resulted again in MORE federal revenue.
Even back in Kennedy's term, his tax cuts produced MORE income.
The 1994 election and Gingrich/Republican control of Congress also helped, since they had some success in reducing expenses.
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The Reagan era was from 1981-89. Then it was the Bush from 89-93. So, if the Reagan era cuts were responsible for the economic boom in the late 90's, then it took at least 10 years for it to happen. I don't know about you, but the people I pay bills to don't want to wait 10 years for their payments, they want 'em NOW. This trickle down idea doesn't work for MY budget.
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