The Reagan Tax Cuts
It seems just common sense to me that the average American is much more efficient in their spending than the government ever will be and that this spending efficiency spurs economic growth. Cutting taxes puts more money in the hands of average citizens. Economic growth spurred by increased efficient spending increases tax revenues. Again this seems to have proved often enough to be taken as fact.
Daniel Henninger has a piece in today's Wall Street Journal looking at how the example of the Reagan Tax cuts have spurred economic growth through-out the world (or at least Eastern Europe).
It is my hope that the words "tax and spend" become synonomous with "stagnate and die" because raising taxes and increased spending leads to just that - economic stagnation and the death of any growth in the private sector.
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