Do Tax Cuts Lead to Economic Growth?

[freefair]

Some specifically targeted cuts sometimes help stimulating growth. The idea that they are always the magic formula for growth is just plain stupid.

Cutting the top rate from 98% to 40%, as Thatcher and Reagan did, is always going to hugely improve the economy and raise more revenue, but past that point, in most developed nations, you've "blown your load". Cutting taxes on higher and higest earners below 35% is very counterprodcutive. By that point you're on the left-hand side of the Laffer curve.