Quote:
Originally Posted by chadk66
I believe after Reagan's tax cuts we say three straight years of 3% increase in GDP. That was many billions of dollars more to the U.S. treasury.
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The Reagan tax cuts were in 1981 and we were in a recession in 1982 so your belief is inaccurate. +4% growth in 83 and +7% growth in 84 mitigate -2% in 82.
I don't doubt that the tax cuts in 81 contributed to that growth. I don't doubt that tax reform now will contribute to growth.
I do question whether the growth in the economy will balance federal spending. It didn't then and I seriously doubt it will now.
