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Arthur Laffer: The Reagan Tax Cuts Did Too Pay For Themselves
During the Reagan years, "federal income taxes" as a percentage of GDP went from 9.1% in 1981 to 8% in 1989. And to James Pethokoukis of the American Enterprise Institute and others, this means the "Reagan tax cuts didn't pay for themselves."But wait. Income tax revenues from the top 1% of income earners rose like mad as a share of GDP. In
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Posted: August 7, 2015 Friday 07:19 PM