This is a curious assertion, because when federal income tax rates were lowered under Reagan, tax revenue as a percentage of GDP actually increased.Except the debt doubled, creating an illusion of wealth and putting off the day of reckoning.If liberals were logical, they would have been in favor of the Reagan income tax *increase*.If "libertarians" were at all economically or ethically consistent, they wouldn't have been in favour of the Reagan tax rate decrease.
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