Feulner: A tale of two tax problems

Heritage Foundation founder Ed Feulner writes in the Washington Times today:

Critics insisted it wouldn’t work. How, they wondered, could lowering taxes help? Jack Kemp, one of the most courageous champions of the 1981 cuts, explained the rationale: “Every time in this century we’ve lowered the tax rates across the board, on employment, on saving, investment and risk-taking in this economy, revenues went up, not down.”

The strong economic recovery that followed the cuts proved Reagan and Kemp right — and helped propel the former to a landslide re-election victory in 1984.

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