Reagan Economic Adviser: TPaw Is Lying – Reagan Tax Cuts Did Not Raise Revenue ‘By Almost 100%’
Last week, former Minn. Gov. Tim Pawlenty, the Republican presidential candidate, claimed that:
“When Ronald Reagan cut taxes in a significant way, revenues actually increased by almost 100 percent during his eight years as president. So this idea that significant, big tax cuts necessarily result in lower revenues – history does not [bear] that out.”
Former Reagan and Bush I economics official Bruce Bartlett says Pawlenty’s assertion is false:
