Reagan exploded the debt and deficit. He signed 11 tax hikes including the largest tax increase in American History to offset the tax revenue losses (shifting more of the burden to the middle class and poor). And now Trump promises to outdo him...
“First, revenue didn't double during Reagan's eight years. It increased by 65 percent, from $600 billion in 1981 to $990 billion in 1989 in nominal terms.
Second, Reagan's 1981 tax cut didn't increase tax revenue, explains Bruce Bartlett, a former economist and domestic policy adviser under Reagan. Inflation grew revenue, and population growth grew revenue, and economic expansion grew revenue, and tax increases grew revenue ("Ronald Reagan raised taxes 11 times, increasing revenues by $133 billion per year as of 1988 - about a third of the nominal revenue increase during Reagan's presidency").”
https://www.theatlantic.com/busines...r-reagan-and-they-wont-under-pawlenty/240616/
Can you Right Wingers see how you are being tooled by a conman and a party without conscience? Of course you can't. That's why you are obedient right wing slaves. You'll believe anything you're told. Tax cuts have never ever paid for themselves.
Remember: Cutting the tax revenue rate reduces tax revenue. "No" cries the deluded right winger, "business turns those tax savings into economic growth." Which is technically true in a very narrow sense, revenue is generated....but the growth never ever outstrips the loss of revenue had the rates not been reduced at all. Simple, honest, math my friends.
In the words of Milton Friedman (that Monetary Fascist), "There are no free lunches." ...except for tax cuts, right boys? hahahaha