PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Scumbria who wrote (140194)	4/22/2001 11:02:11 PM
From: greenspirit	Read Replies (1) of 769667

Here are two more examples: Kennedy tax cuts boosted revenue. heritage.org Lower rates in the twenties boosted revenue. heritage.org On the flip side, Higher tax rates, lower revenue. heritage.org Did tax cuts cause the deficit... heritage.org Comparing President Bush's tax cut with others in recent history. ntu.org Learn from history. Static scoring routinely overestimates how much revenue will be generated by tax increases. The 1990 luxury tax, the income tax rate increases of 1990 and 1993, and the 1986 capital gains tax rate increase are all examples in which revenues fell far short of static predictions. By contrast, the 1981 Reagan tax cuts, the 1978 capital gains tax reduction, the Kennedy tax cuts of the 1960s, and the 1986 Tax Reform Act all demonstrate how pro-growth tax changes will generate revenue feedbackhttp://www.heritage.org/library/categories/budgettax/bg1090.html

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