Throughout the last century of the United States, there have been different periods in which our country passed legislation for tax cuts. By lowering tax rates, tax revenue that the government collects increases and the economy will grow. The common misconception of cutting taxes is that by cutting them, the United States is cutting the revenue gained for the government. However, there are many times in history where this misconception was proven wrong. The 1920’s, 60’s, and 80’s were all periods with economic growth and a bigger increase in tax revenues.
During the 1920’s (also known as the “Roaring Twenties”), the policies of President Warren Harding and followed by President Calvin Coolidge allowed for an increase in tax revenue to the
During the 1920’s (also known as the “Roaring Twenties”), the policies of President Warren Harding and followed by President Calvin Coolidge allowed for an increase in tax revenue to the