Re: Tax Cuts Don't Boost Revenues

Stevie Nichts <nix2nichts@[EMAIL PROTECTED]
> wrote in news:7dc0e0b8-aeff-4b94-ab16-
24242fb4c326@[EMAIL PROTECTED]
> On Feb 20, 10:41 am, "Jorge W. Arbusto, Presidentchul Candydate"
> <CleaninOutTheStab...@[EMAIL PROTECTED]
> wrote:
>> Stevie Nichts wrote:
> 
>> > And how did things work out? Laffer is convinced that the
>> > reduction of the top tax rate from 70% to 28% during the Reagan
>> > years paid for itself--
>>
>> The deficit--which Reagan harped on during the presidential
debates--tripl
> ed
>> at the end of his second term.
> 
> Because Congressional spending far outstripped revenues.


  Because Reagan never submitted a single balanced budget. 




"As President Reagan entered office in 1981 he repeatedly called 
for a balanced budget amendment to the Constitution, yet never 
submitted a balanced budget himself."
http://www.cedarcomm.com/~stevelm1/usdebt.htm