Vindicated: The Truth about Conservative Economic Policies

From the American Thinker - by John Griffing - Over the years, conservative economic policies have been the subject of heated attack by liberals seeking to justify punitive taxes and a bloated regulatory state. But far from failing, conservative economic values have delivered on every point. Liberal economists frequently claim that tax cuts -- the centerpiece of effective conservative economic policies -- harm revenues and contribute to deficits. But this claim is patently false. Out-of-control spending, not tax cuts, causes huge deficits. President Reagan cut the top tax rate to 28 percent for joint filers during the eighties. During the Reagan expansion, total revenues jumped nearly one hundred percent. President Kennedy cut the top rate for joint filers to 70 percent from the confiscatory level of 90 percent under his predecessor. Real revenues in the sixties following the Kennedy tax cuts grew by 60 percent, or 30 percent minus inflation. Although blasted in the mainstream media -- often without factual validity -- the Bush tax cuts achieved comparable success to the Kennedy and Reagan cuts. Read more

Vindicated: The Truth about Conservative Economic Policies