The Facts About Tax Cuts, Revenue, and Growth
The Facts About Tax Cuts, Revenue, and Growth
Michael T. Griffith
2013
@All Rights Reserved
Fourth Edition
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When we look at the growth of total federal revenue under Reagan and Carter, a similar picture emerges. During the Carter budget years, total federal revenue rose by $199 billion, from $400 billion in 1977 to $599 billion in 1981, an increase of 50%. However, during the Reagan budget years, total federal revenue rose by $373 billion, from $618 billion in 1982 to $991 billion in 1989, an increase of 60%. Furthermore, as mentioned, counting only calendar years, inflation totaled 50.40% under Carter vs. 33.72% under Reagan (total inflation during their respective fiscal years was even worse for Carter: 51.62% vs. 34.48%).
I couldn't get through all the bullshit so I looked up the author to see where he got his economic expertise:
ABOUT THE AUTHOR: Michael T. Griffith holds a MasterÂ’s degree in Theology from The Catholic Distance University, a Graduate Certificate in Ancient and Classical History from American Military University, a BachelorÂ’s degree in Liberal Arts from Excelsior College, and two Associate in Applied Science degrees from the Community College of the Air Force. He also holds an Advanced Certificate of Civil War Studies and a Certificate of Civil War Studies from Carroll College. He is a graduate in Arabic and Hebrew of the Defense Language Institute in Monterey, California, and of the U.S. Air Force Technical Training School in San Angelo, Texas. In addition, he has completed Advanced Hebrew programs at Haifa University in Israel and at the Spiro Institute in London, England. He is the author of five books on Mormonism and one book on the JFK assassination. His books on Mormonism include How Firm A Foundation, A Ready Reply, and One Lord, One Faith.
Really???? This is your expert???? This and the CATO Institute????? Really?????