Aug 24, The Reagan tax cuts represented percent of income while none of the Bush tax cut even breaks 1 percent of income.
The Kennedy tax cuts would only have been surpassed in size by combining all three Bush tax cuts into a Estimated Reading Time: 6 mins.
EFFECT OF REAGAN, KENNEDY, AND BUSH TAX CUTS ON REVENUES. EFFECT OF REAGAN TAX CUTS ON REVENUES - SHORT ANALYSIS.
The argument that the near-doubling of revenues during Reagan's two terms proves the value of tax cuts is an old argument. It's also extremely flawed. At percent, revenues did nearly double during the 80s. Kennedy, Reagan, and Bush Tax Cuts Compared to Other Budget Items Tax Legislation As a Percent of Federal Budget (a) Tax Relief Social Security Defense All Other Domestic Spending The Kennedy Tax Cut (Revenue Act of ) % % % % The Reagan Tax Cut (Economic Recovery Tax Act of ) % % % % Bush Tax Cuts.
Dec 08, So with Reagan’s signature, Congress undid a good chunk of the tax cut by raising taxes a lot in, and George H.W. Bush signed another tax increase in and Bill Estimated Reading Time: 5 mins.