Taxes, taxes, taxes-raise or lower?

[Rich Weese]

I want to share something here. If there is still a question whether to raise or lower tax rates, please back it up with facts, or history, please.

This lesson will come in 3 parts.
Harding and Cololidge period

part 1 1920 1928
tax revenue of GDP 2% 3.9%(double)
unemployment 6.5% 3.1%
What caused it? Cut rates from 77% to 25%

1960 1968
tax revenue of GDP 2.6% 9%
unemployment 5.8% 3.9%
This was JFK time. Cut rates from 91 to 70%

1978 1986
GDP growth 0.9% 4.8%
tax revenue growth -2.6% 3.5%
Reagan slashed rates 25% across the board in 1981 and highest rate was 50%. He later lowered it to 28% top bracket.

3 examples from history. If we truly can learn from history, these examples should make it easy.

Why there is even a discussion on raising rates? It is really confusing to me.Rich

p.s. U.S. Budget Data for info