No it would not. It would mean some of the things he gets credit or blame for also belong to the democrats such as the 1983 tax cut that proved the notion of the Laffer curve held some truth or the 1985 one which turned out to be bad because they neglected to cut spending and taxes at the same time. Some of POTUSā policies are theirs alone such as the sale of TOW missiles to Iran by the Reagan White House but much/most should be shared by Congress.
Are you under the impression that you are in a position to be teaching anyone anything regarding this subject? You shouldnāt as I donāt think you have been correct in any point you have made this far and you seemingly have a terrible grasp on the history of that time.
To be clear here you have already provided a link that completely undid the claim you made previously and you seemed to not be aware of that fact. Im not learning anything from you here so you should dial back the attitude.
the 1983 tax cut that proved the notion of the Laffer curve held some truth
Are you kidding me? You actually think trickle down works?
Now I get why youāre such a fan of ineffective Democratic shit, youāre in the .00001% of āRepublican-liteā voters in the country theyāre looking to please at the cost of the rest of the electorate.
The Laffer curve has nothing to do with trickle down. The fact you bring up trickle down shows how little you understand about this subject.
I think the statement behind the Laffer curve, that thereās a point where taxes are set so high that you will see an increase in tax revenue by keeping it beneath that point, was proven to be likely true in 1983. That is when the tax cut passed by the democrats was matched with the corresponding spending cut and the government took in more tax revenue.
You arenāt proving that you have any understanding of common political concepts.
The laffer curve absolutely does have to do with trickle down. Itās the pseudoscience backing for lowering the top tax rates. It starts off with the lie that thatāll actually result in an increase of revenue, even when thatās laughably untrue ā which is evidenced by the fact that the government has never been as broke as when it has continued to pursue this disastrous form of tax policy.
The thing about the Laffer curve is thatā¦yes obviously you cannot tax 100% of everyoneās paycheck and expect that the economy will grow, and yes obviously taxing everyone 0% will result in 0 revenueā¦these obvious things are obvious. But the rates in between have fairly straightforwardly predictable effects on revenue, and even adding a tax bracket where you take 100% of the income above a certain level is not one of the ends of the laffer curve, because the effective tax rate for those earners is still not 100%ā¦because tax brackets exist.
One implication of the Laffer curve is that increasing tax rates beyond a certain point is counter-productive for raising further tax revenue. Particularly in the United States, conservatives have used the Laffer curve to argue that lower taxes may increase tax revenue.
No it would not. It would mean some of the things he gets credit or blame for also belong to the democrats such as the 1983 tax cut that proved the notion of the Laffer curve held some truth or the 1985 one which turned out to be bad because they neglected to cut spending and taxes at the same time. Some of POTUSā policies are theirs alone such as the sale of TOW missiles to Iran by the Reagan White House but much/most should be shared by Congress.
Are you under the impression that you are in a position to be teaching anyone anything regarding this subject? You shouldnāt as I donāt think you have been correct in any point you have made this far and you seemingly have a terrible grasp on the history of that time.
To be clear here you have already provided a link that completely undid the claim you made previously and you seemed to not be aware of that fact. Im not learning anything from you here so you should dial back the attitude.
Are you kidding me? You actually think trickle down works?
Now I get why youāre such a fan of ineffective Democratic shit, youāre in the .00001% of āRepublican-liteā voters in the country theyāre looking to please at the cost of the rest of the electorate.
The Laffer curve has nothing to do with trickle down. The fact you bring up trickle down shows how little you understand about this subject.
I think the statement behind the Laffer curve, that thereās a point where taxes are set so high that you will see an increase in tax revenue by keeping it beneath that point, was proven to be likely true in 1983. That is when the tax cut passed by the democrats was matched with the corresponding spending cut and the government took in more tax revenue.
You arenāt proving that you have any understanding of common political concepts.
The laffer curve absolutely does have to do with trickle down. Itās the pseudoscience backing for lowering the top tax rates. It starts off with the lie that thatāll actually result in an increase of revenue, even when thatās laughably untrue ā which is evidenced by the fact that the government has never been as broke as when it has continued to pursue this disastrous form of tax policy.
The thing about the Laffer curve is thatā¦yes obviously you cannot tax 100% of everyoneās paycheck and expect that the economy will grow, and yes obviously taxing everyone 0% will result in 0 revenueā¦these obvious things are obvious. But the rates in between have fairly straightforwardly predictable effects on revenue, and even adding a tax bracket where you take 100% of the income above a certain level is not one of the ends of the laffer curve, because the effective tax rate for those earners is still not 100%ā¦because tax brackets exist.
https://en.wikipedia.org/wiki/Laffer_curve