Tax cut truth

The traditional soak-the-rich mentality of Democrats contributes nothing to true resolution of our economy issues, including government budget shortfalls.

The official numbers show that in dollar terms (adjusted for inflation) the money the government collected in taxes went up every single year between 1950 and 2009, even with sharp tax cuts by Presidents John F. Kennedy, Ronald Reagan and George W. Bush. Even measured as a percentage of the GDP –or overall economy – falling tax rates didn’t produce plunging revenues—government generally got a bigger share, not a smaller share, when tax rates went down.

via Don’t Blame Tax Cuts for Catastrophic Deficits – Michael Medved – Townhall Conservative.

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