Quote:Heck, even Reagan's <a class="bbc_url" href='https://fraser.stlouisfed.org/docs/publications/usbudget/bus_1990.pdf'>own budget</a> submitted in 1990 concluded that his tax cuts had reduced revenue. His administration's words, no one else's. See chapter 4 page 4.

Revenues in 1981 roughly 590 billion revenues when he left roughly 909 billion...


In any given year a higher rate of taxation would lead to a static estimate of more revenue, that doesn't account for the dynamic view of how those rates would have influenced economic decisions and risk or take into account the long-term compounding effects of stimulated economic growth.

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