Thursday, October 11, 2007

Supply Side Laffer Refutation

If you still believe lowering taxes has raised revenues, take a look at this chart. It looks like every other chart I've seen of government income, at least the ones made by people who worry about trivia like inflation, which people like Limbaugh always omit when they brag about how Reagan "doubled revenues" with his tax cuts. In fact it is nearly impossible to distinguish the Laffer curve years from any others.

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