BS... you can't back up your bullsh*t statement
you believe in fairytales
Tax Cuts Pay for Themselves is perhaps the greatest Republican canard. It's popular because at the root of the message is an easy sell; you can get something for nothing.
Under Reagan, the tax cuts led to stagnant government revenue from individual taxpayers. It wasn't until he started raising taxes the government revenue started to increase. However, Reagan spent like a "tax and spend" liberal, increasing the debt/GDP ratio in each year of his presidency from 33% to 51%.
Under Bush II, the tax cuts led to a 6.7% decline in revenue for the first 4 years of his presidency. Because his spending increases far outpaced the decrease in government revenue, the total national debt outstanding increased 41%.
To compare, Clinton increased taxes on the upper-income taxpayers, which led to a 97% increase in government revenue. He grew the economy at a health pace. He decreased the debt/GDP ratio in each year starting in 1995 of his presidency.
The two attempts to prove "tax cuts pay for themselves" have failed. It is clear that if the laffer curve exists, the US tax rates are clearly to the left of the curve's apex indicating a tax cut will in fact decrease revenue.
