Posted

0 replies ยท 0 reposts ยท 0 likes

Low top tax rates encourage investing, starting & expanding business, ..., which leads to HIRING and MORE #tax revenue. Oregon's new socialista Governor doesn't understand #economics! =================================== Top Tax Rate went DOWN, and Revenues went UP In 1986, #Oregon #Republican Bob Packwood was one of the architects of the miraculous Tax Reform Act of 1986, which LOWERED the top individual income tax rate from 50% to 28% and LOWERED the corporate rate from 46% to 34%. It ELIMINATED special-interest LOOPHOLES, FLATTENED #tax rates, and passed with overwhelming bipartisan support with a vote of 97-3 in the Senate. Look at the INCREASE in tax REVENUES during that period. https://committeetounleashprosperity.com/hotlines/top-tax-rate-down-revenues-up/

View this post on Gab