So we should not call the "experts" when they get it wrong?
When JFK cut taxes revenues went up
When reagan cut taxes revenue to the government doubled to over $1 trillion
Now when Pres Bush cut taxes revenues went up
How many more time do libs have to be proven wrong?
When you cut taxes it causes economic growth and an increase to revenues
The revenue to the government is always going up. That's the nature of inflation. Below is an article that covers the Reagan tax cuts. When Bush cut taxes, revenues actually decreased, then started increasing again. Normally revenues are always increasing, so this shows that his tax cuts reduced revenues. Sometimes decreasing taxes can be good, and increase tax revenue. Look up the Laffer Curve, and think about it like this: if you cut taxes so low that we only paid about $1 in taxes, then that wouldn't increase government revenue. There is a tax level in there that brings in the maximum amount of revenue, and having a tax cut can either bring us closer to the maximum or further away from it. The Bush tax cuts pushed us away from the maximum.
http://www.cbpp.org/3-3-03tax.htm
Ok, tell me where does all of this economic growth come from? Supply side economics relies on a microeconomic model. That is a worker has two sources of happiness, which are leisure time and goods bought with money. The worker can either spend time at leisure and being happy, or working at a wage which he uses to buy the goods, which makes him happy. The idea behind supply side economics is that if you cut the income tax, that is the same as a wage increase, and that with a wage increase will give the worker more happiness for each hour worked, and cause him to be more productive. However, there is a competing effect, which is that the worker can make just as much money as he did before while spending less time working, and therefore he will not want to work as much, and he will spend more time at leisure rather than at work. In reality these two affects tend to offset each other.
So since you have all of this data can you tell me those things I asked in my last post. I'll repeat them here, and would like it if you could provide all of that data for the tax cuts you are claiming, and the current tax cut from the Bush administration. I'll repeat the information I want:
Can you say exactly are these tax cuts are increasing economic growth now. Did they increase consumption, investment, and how much is directly attributable to the tax cuts? Why must our economic condition only have resulted from these taxes cuts and not some from other factor? Why did the current tax cuts cause an initial decline in our government revenue and the effects are only coming through now. Is this growth coming from the upper, middle, or lower class. Are we seeing capital, labor, or TFP growth, and is there capital deepening? Please list out your growth accounting statistics.