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It is a demonstrable fact of history that every major tax cut in the last 100 years has been followed by prolonged economic growth and by an increase--yes, an increase--in federal revenue. This happened after the Harding tax cuts, the JFK tax cuts, the Reagan tax cuts, the Clinton tax cuts, and the Bush tax cuts.
The Facts About Tax Cuts, Revenue, and Growth
The Facts About Tax Cuts, Revenue, and Growth
Really?? How did the tax cuts for the wealthy during the early portion of W's administration work out? Oh yeah, we are still trying to crawl out of that hole.