Michael3783 Wrote:
Jan 28, 2013 4:37 PM
Face it, the Laffer Curve is counter-intuitive that reducing marginal tax rates will actually increase tax revenues. But Reagan, JFK and Mellon all saw this, and it was borne out in experience. But on the flip side, if experience in the 20's, 60's, 80's and even 2000's demonstrated that faster growth follows a marginal rate reduction, what is the historical basis for increasing rates (and deficits) as a way to accelerate growth? Clinton is the closest, but that growth followed the GOP takeover in '94, assuring spending (deficit) restraint.