Trump Says New Tax Plan Will Make Up For Revenue Loss By Juicing Economy. History Says No

How the tax cut "game" always plays out.

1910 Income Tax Promised To Never Shift Burden From Richest 1 - 4%

http://paxonbothhouses.blogspot.com/2015/01/1910-income-tax-legislation-promised-to.html

U Mass Professor Emeritus Richard Wolff Provides Out-Of-The-Box Views

http://paxonbothhouses.blogspot.com/2015/01/u-mass-professor-emeritus-richard-wolff.html

Alan: Like Trump, presidents Ronald Reagan and George W. Bush promised that diminished government revenues resulting from their tax cuts would be compensated by the "steroidal" effect of those cuts on the nation's economy. 

In neither case did the economy grow enough to overcome diminished revenues. 

Similarly, Bush's epochal tax cuts did not create jobs as promised. 

And even Canada's recent experiment with tax reduction to boost employment did not create jobs as hoped.

Addendum: If the United States continues to spend more on "defense" than the next 7 countries combined (including China) America's tax bill will necessarily be bloated.

  

White House Unveils Dramatic Plan To Overhaul Tax Code In Major Test For Trump

https://www.washingtonpost.com/business/economy/trump-to-unveil-proposal-for-massive-tax-cut/2017/04/26/2097fe42-2a94-11e7-be51-b3fc6ff7faee_story.html?utm_term=.db1e3b7c902d

What's In The Trump Tax Plan That Promises Massive Cuts?
http://abcnews.go.com/Politics/white-house-set-unveil-tax-reform-blueprint/story?id=47019919

Ben Franklin On "No New Taxes"

http://paxonbothhouses.blogspot.com/2012/08/benjamin-franklin-on-no-new-taxes.html 

What Would Reagan Really Do?

Newsweek

http://paxonbothhouses.blogspot.com/2012/10/what-would-reagan-really-do-newsweek_4.html

Ten All-American Facts That Contradict The Conservative Credo

Did Reagan Really Do That ?!?

http://paxonbothhouses.blogspot.com/2015/09/ten-all-american-facts-that-contradict.html