dude, excuse me, but I'm not going to debate your stupid. cutting spending does not cut revenues
Yes it ******* does. It's exactly what just happened in Kansas and exactly why the State Legislature there overrode Brownback's trickle down. They cut taxes
and cut spending and
still couldn't balance a budget and produce growth. KS' GDP growth from 2013-2016 was
below the national average. Its surplus was erased and turned into record deficits. Its credit rating was downgraded. All because of the trickle-down theory
which ended up being repealed because it didn't deliver on a single promise made of it.
According to you, it should be faster growth, only that didn't happen because the ideology behind that thinking is based on bullshit and false arithmetic.
dyou are truly stupid. and again, cutting taxes will increase revenues, been proven over and over and over. John F. Kennedy knew this and so did Clinton.
First of all, Kennedy/LBJ increased
spending by nearly 50%, which accounts for the growth in revenues. Secondly, Kennedy cut taxes on the rich
to 70%. So if you want to set the rate for the wealthy at 70% based on Kennedy's experience, go for it. Thirdly, Clinton
raised taxes in 1993, and Conservatives at the time said it would lead to the sky falling. They were wrong.
So if they were wrong then, why would they be right now? The Capital Gains Tax Cut in 1997 may have led to a short-term increase in revenues, however it also created the dotcom bubble that wiped out all those gains previously (not to mention the jobs too). Additionally, Conservatives tried to pass a massive tax cut in 1998 that would have erased the nascent surpluses that Clinton vetoed. Those tax cuts would eventually get passed in 2001 and the result was the erasing of the surplus,
four record deficits in 8 years (including the largest deficit of all time), and a near-doubling of the national debt. And how many jobs did they create? None. In fact, 460,000 private sector jobs were lost after 8 years of Bush. So the tax cuts didn't create more revenues (revenue levels from 2001-2004 were
below what that level was in 2000), they cost jobs, they erased a surplus, doubled the debt, and helped precipitate the economic collapse.
Yet you think they increased revenues. What a ******* joke.
The following graph clearly reveals the answer. The red line represents the top marginal tax bracket while the blue line shows the total amount of Federal government revenue each year.
So this ******* chart of yours is bullshit and here's why; it's not in constant dollars.