Townhall "For more than 80 years, the political left has opposed what they call "tax cuts for the rich." But big cuts in very high tax rates ended up bringing in more revenue to the government in the Coolidge, Kennedy, Reagan and Bush 43 administrations. This included more-- repeat, more-- tax revenue from people in the highest income brackets than before.
"That was because high-income people took their money out of tax shelters like municipal bonds and invested where they could get a higher rate of return..."
"That was because high-income people took their money out of tax shelters like municipal bonds and invested where they could get a higher rate of return..."
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