Numbers do not & cannot lie. They may be inconvenient, but that is an emotional argument, not a validity or reliability one. When Reagan took office in 1981 the top marginal tax rate was 70% and, at that rate, the government took in 517 billion dollars in taxes. Reagan cut the top rate over the course of his presidency to 28%. In a clear, undeniable indicator of the power of broad-based tax cuts & the corresponding power of the American citizen to spend his money better than his government, economic growth exploded. With that growth 20,000,000 new jobs were created, opportunities were boundless and tax revenue to the government didn’t decrease, but nearly doubled to 909 billion dollars in 1988. There is no compassion in economic stagnation and the fractured dreams inherent in lost opportunity. We deserve better; accept no less.
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