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To: Elmer who wrote (117349)	11/12/2000 2:05:52 PM
From: Scumbria	Read Replies (1) \| Respond to of 186894

Elmer, Historically, lowering tax rates, within a certain range, result in increased government revenue. Historically, time leads to increased government revenue and spending. Obviously this is going to occur as a result of population growth, economic growth, and inflation. Are you assuming the economy to be otherwise static? Scumbria

To: Elmer who wrote (117349)	11/12/2000 2:12:56 PM
From: The Duke of URL©	Respond to of 186894

Beginning of Rant: The three significant events which caused the debt to spiral upward are as follows: 1. Congress intimidated Jimmy Carter into eliminating what was the ability of the president to NOT spend any moneys appropriated by Congress. 2. The Tax Reform ACT of 1986 was a huge increase in taxes. It left the tax "rates" alone BUT it eliminated Deductions from taxable income by about 40%, which had the effect of increasing taxes by about 40% 3. The soft money provisions of the Campaign Finance Laws allowed (allows) Congress to "buy" votes by spending money. After that it was Mr. Welk, Turn on the Bubble Machine. End of Rant.

To: Elmer who wrote (117349)	11/12/2000 2:42:05 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 186894

RE:"Taxes went up during the Reagan years, not down. They went up by lowering the tax rate. The actual revenues collected by the government went up dramatically. The problem was that spending went up even faster. Historically, lowering tax rates, within a certain range, result in increased government revenue." I think this was because in order to get his tax rate cuts and military programs through he had to give into some democratic spending increases. The result was net spending... Jim