Comments on: Tax Cuts and Federal Tax Revenues, Historically Speaking http://www.leeeldridge.com/tax-cuts-and-federal-tax-revenues-historically-speaking/ A Bit of Commentary Thu, 26 Jan 2012 02:26:45 -0600 http://wordpress.org/?v=2.8.2 hourly 1 By: Bobby http://www.leeeldridge.com/tax-cuts-and-federal-tax-revenues-historically-speaking/comment-page-1/#comment-173 Bobby Mon, 28 Dec 2009 12:01:47 +0000 http://www.leeeldridge.com/?p=586#comment-173 The democrats use class warfare when they discuss taxation. It's scare tactics. Tell everybody that if we cut taxes then we can't help the elderly. Or the children. Or the minorities. It appears to me that these numbers prove that their assertions and scare tactics are baseless. And we're the fools for believing it. I had no idea that tax revenues had grown after tax cuts. The media certainly doesn't report this. The democrats use class warfare when they discuss taxation. It’s scare tactics. Tell everybody that if we cut taxes then we can’t help the elderly. Or the children. Or the minorities. It appears to me that these numbers prove that their assertions and scare tactics are baseless. And we’re the fools for believing it. I had no idea that tax revenues had grown after tax cuts. The media certainly doesn’t report this.

]]> By: Lee Eldridge http://www.leeeldridge.com/tax-cuts-and-federal-tax-revenues-historically-speaking/comment-page-1/#comment-172 Lee Eldridge Mon, 28 Dec 2009 01:03:39 +0000 http://www.leeeldridge.com/?p=586#comment-172 Hey Will. Thanks for the note. The left and the media have told us that tax cuts = less tax revenue. And it's simply not the truth. I agree that 82% is not ridiculous growth. But the left would have us believe that tax revenues don't grow as a result of tax cuts. And I think the numbers of historically proven otherwise. And to equally pick on the right and those who pretend to be fiscal conservatives, you don't reduce the size of government through tax cuts. You reduce government by reducing spending. I like watching GDP as well, and will continue my research :) Hey Will. Thanks for the note.

The left and the media have told us that tax cuts = less tax revenue. And it’s simply not the truth. I agree that 82% is not ridiculous growth. But the left would have us believe that tax revenues don’t grow as a result of tax cuts. And I think the numbers of historically proven otherwise.

And to equally pick on the right and those who pretend to be fiscal conservatives, you don’t reduce the size of government through tax cuts. You reduce government by reducing spending.

I like watching GDP as well, and will continue my research :)

]]> By: Will http://www.leeeldridge.com/tax-cuts-and-federal-tax-revenues-historically-speaking/comment-page-1/#comment-171 Will Sun, 27 Dec 2009 16:36:14 +0000 http://www.leeeldridge.com/?p=586#comment-171 That is very interesting, Lee! The only thing that I'd point out is that, really, using the Rule of Seventy-Two as my guide, it seems to me as though an 82% increase over a decade isn't THAT ridiculously large. It's around 6% annually. And, in fact, 25% over 8 years is actually less than I'd expect....maybe 2.6% per year or so? Would be interesting to compare those figures to GNP and/or GDP growth over the same time periods....and also compare the growth in revenues following cuts to growth in revenue following tax hikes. Thanks, Lee! That is very interesting, Lee!

The only thing that I’d point out is that, really, using the Rule of Seventy-Two as my guide, it seems to me as though an 82% increase over a decade isn’t THAT ridiculously large. It’s around 6% annually. And, in fact, 25% over 8 years is actually less than I’d expect….maybe 2.6% per year or so?

Would be interesting to compare those figures to GNP and/or GDP growth over the same time periods….and also compare the growth in revenues following cuts to growth in revenue following tax hikes.

Thanks, Lee!

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