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Politics : Politics for Pros- moderated
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To: wonk who wrote (126990)7/31/2005 12:36:45 PM
From: carranza2   of 793926
 
So given the sizable tax cuts in the 1981 (there were modest tax increases subsequently and the 1986 tax reform was fairly neutral) simplistically tax collections never recovered from what they should have been if we hadn’t fiddled with the tax code at all.

Thank you for an absolutely terrific post.

The Laffer folks forget that Reagan, its most visible proponent, raised taxes after he saw what following Laffer did to the budget.

But why let the facts get in the way of a good story?

Don't worry, be happy....
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