Over the past 100 years, there have been three major periods of tax-rate cuts in the U.S.: the Harding-Coolidge cuts of the mid-1920s; the Kennedy cuts of the mid-1960s; and the Reagan cuts of the early 1980s. Each of these periods of tax cuts was remarkably successful as measured by virtually any public policy metric.
Arthur LafferRelated topics
early major metric past policy public tax three 100 1980s years kennedy cuts reaganRelated quotes
Carter's hopes died when the Soviet Union invaded Afghanistan and he ended up having to reverse policy and launch the military buildup that Reagan continued. Mr. Obama would be forced back into a war on terror if terrorist groups pull off enough damaging or frightening attacks to force this issue to the fore.
Walter Russell Mead
Balancing fiscal and monetary policies is a problem. If you do just one thing, it is not necessarily enough-neither monetary policy alone nor fiscal policy alone, and neither tax cuts nor expenditure increases alone. You need to mix policy. By having the right balance, you can get high employment and stable prices.
Lawrence Klein
