Federal Deficit and Revenue
Reagan wasn’t the first to expound “that when you cut taxes, you raise revenue.†John Kennedy tried it very successfully in the early ‘60s, before Lyndon Johnson’s brilliant “guns and butter†philosophy. Only in Reagan’s case our spendthrift Democratic Congress not only refused to cut spending, they increased it.
The antithesis of “cutting taxes to raise revenue†would be “increase taxes to lower revenues†and that has just been proven both by Bush and Gov. Pete Wilson with the more than willing support of their respective legislatures. After they both gave their pledge not to raise taxes, they immediately abandoned their pledge upon being elected. The result--a gigantic recession and the biggest deficits in history, far outstripping the Reagan years.
Only you liberals aren’t screaming at Bush and Wilson about the deficits, because you aided and abetted.
CHARLES W. BENNETT, San Diego
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