Tax revenue increases with tax cuts
It is a common misconception that tax increases on the so called,"rich", will increase federal tax revenue. Politicians have started using the term "revenue increase" instead of the dreaded term"tax increase" that has been the target of most freshman GOP congressman and senators, as well as tea party supporters. It is an age old progressive tactic, take an unpopular idea, and change the name, to give the illusion, that it is something different. When in reality, it is the same thing, only repackaged. Tax increases are what they are, they do not result in an increase in revenue. Just take Reagan as an example. In 1980, federal tax revenue was(adjusted for inflation in 1996 dollars) 956 billion. After Reagans' tax cuts (1981) the next ten years had a average yearly revenue of over 1 trillion dollars(1,015,500,000), or an average of 102 billion a year. Tax revenue is increased, when you have a healthy, and growing economy. It is the opposite if you raise taxes. More taxpayers, not more taxes. I am using the Heritage Foundation as my source of information, for those of you that are thinkers. As for the sheep, you will turn your nose up at his article, and say, "It's Bush's fault" and continue to move about in your dream state. Don't listen to the media people, do your own thinking. Back to the Constitution, it is the only way to save our republic.
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