The great GOP tax cut fantasy

No matter how many times Republicans claim cutting taxes leads to increased revenues, it's still not true

By Andrew Leonard
Salon.com

Republicans are nothing if not consistent. Despite all evidence to the contrary, they stick to the script. There's no better proof of this than their adherence to that classic fundamental pillar of supply-side economics: the theory that cutting taxes raises revenues.

Here's Rep. Joe Walsh, (R-Ill.) the self-styled "conservative Tea Party activist" who upset Democrat Melissa Bean in the 2010 midterms, on ABC's "This Week."

"In the '80s, federal revenues went up," said Walsh. "We didn't cut spending. Revenues went up in the '80s. Every time we've cut taxes, revenues have gone up. The economy has grown."

Walsh may be a freshman in Congress, but he's got the party line down pat. Here's Senate Minority Leader Mitch McConnell saying in July that the Bush tax cuts "increased revenue, because of the vibrancy of these tax cuts in the economy. " Here's Speaker of the House John Boehner saying last June that " over the last 30 years... lower marginal tax rates have led to a growing economy, more employment and more people paying taxes," he said.

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