No, I'm saying you are too illitertate to understand that "I agree that cutting taxes results in more tax revenue for the govt" means that "I agree that cutting taxes results in more tax revenue for the govt"
It does NOT mean "It does work". Even Laffer acknowledges that it FAILED
Let's cut out the word play games
Does lowering taxes create more tax revenue for the government? Yes or no?
Lowering tax rates, increases govt revenue, increases budget deficits, increases govt spending, and increases the national debt
In wingnut world, that means "It works!!!"
Charlie Gibson said
"in each instance, when the rate dropped, revenues from the tax increased. The government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down."
OBAMA: Well, Charlie, what I've said is that I would look at raising the capital-gains tax for purposes of fairness. We saw an article today which showed that the top 50 hedge fund managers made $29 billion last year -- $29 billion for 50 individuals. And part of what has happened is that those who are able to work the stock market and amass huge fortunes on capital gains are paying a lower tax rate than their secretaries. That's not fair.
And what I want is not oppressive taxation. I want businesses to thrive, and I want people to be rewarded for their success. But what I also want to make sure is that our tax system is fair and that we are able to finance health care for Americans who currently don't have it and that we're able to invest in our infrastructure and invest in our schools.
And you can't do that for free, and you can't take out a credit card from the Bank of China in the name of our children and our grandchildren and then say that you're cutting taxes, which is essentially what John McCain has been talking about. And that is irresponsible.
You know, I believe in the principle that you pay as you go. And, you know, you don't propose tax cuts unless you are closing other tax breaks for individuals. And you don't increase spending unless you're eliminating some spending or you're finding some new revenue. That's how we got an additional $4 trillion worth of debt under George Bush. That is helping to undermine our economy, and it's going to change when I'm president of the United States.
Transcript: Obama and Clinton Debate - ABC News