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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (29796)	8/17/2000 1:43:37 PM
From: Kenneth E. Phillipps	Respond to of 769667

Why did revenue's to government coffers surge when Reagan dropped the marginal tax rate in the early 80's? And why did revenue's increase as a result of a reduction in the capital gains taxes? The Reagan tax cuts took place during a period of high unemployment. So did the Kennedy tax cuts. That is the correct time for tax cuts. You can have a stimulus without causing inflationary pressures. Revenues increased as a result of the reduction in the capital gains taxes because of the increase in the difference between ordinary income rates and capital gains rates. By way of an example, I can make more money by watching the stock market than I can by working because of the difference in tax rates. Is that the kind of economy you want?