Larry Kudlow: Reagan's tax cuts launched a 3 decade-long prosperity cycle

Reagan dropped the income tax rate from 70% to 28%. He also was a minimal regulator—including the de-control of oil prices—which led to a huge drop—so did gold, silver and inflation. 

Laffer Curve (AKA: Lower tax rates generated higher tax revenues through faster economic growth and less tax avoidance).

Working with Fed Chair Paul Volcker, their combined economic policy was basically low taxes and a steady, strong, reliable king dollar.  

The stock market stood at roughly 1,000 and it rose 12-fold under Reagan

Larry Kudlow Fox 12 August 2021

  



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