[Millenium Vette]

Originally Posted by Jeff '79

I wasn't attempting to throw a lib cast on it, but there were a ton of factors that led up to the Regan tax cut, including 3 tax increases by him.
I just don't know how this will all play out today. That's why I'm asking.
The economic recession of the '70's was a real mofo with interest rates to the moon, the gas shortage, and numerous other factors playing into it.
Timing is everything, and things are a lot different economically right now.
Hopefully now, the economic locomotive throttles up to full speed, and we get stuck in a sweet spot for a while.

You could more aptly compare this to the tax reform of 1986 or the tax cuts of 1997. When they cut capital gains taxes the economy lit up.