It's simple but you would rather take a sharp stick in the eye rather than admit it makes sense. Cutting taxes INCREASES the activity on which the taxes are levied. Raising taxes, DECREASES the activity on which the taxes are levied.Now you're talking in circles. As usual
Did you not understand that inflation causes increased spending?
It was pretty fucking clear...troll
President Reagan took over a disastrous economy. Inflation was sky-high, and interest rates for a 30-year mortgage reached 18 percent.
Reagan proposed cutting taxes in order to spur the economy. Congress promised Reagan that they would cut spending. They cut taxes which doubled revenues in the decade but they reneged on cutting spending resulting in a higher debt.
