Where do you get your information? Obama?
After six years of economic expansion, real revenues under Reagan (with tax cuts) grew a cumulative 32.6 percent.
Link: http://www.house.gov/jec/growth/taxpol/taxpol.htm
The table below, which is based on data from the IRS’s Statistics of Income, shows what happened to tax collections from upper-income taxpayers between 1980 and 1988. Supply siders can be criticized for many things, especially their apparent disregard for the importance of limiting the size of government, but the IRS figures clearly show that lower tax rates were followed by more rich people, more taxable income, and more tax revenue. For those keeping score at home, that’s a perfect batting average for supply-side economics.
Link: http://www.cato-at-liberty.org/2009/...nment-revenue/
Federal Tax revenue compared - Reagan recovery vs. Clinton/Bush recovery:
Link: http://www.house.gov/jec/growth/taxpol/taxpol.htm
Anyone with half a mind can see that not only did the Reagan tax cuts bring in more tax revenue for the FED but the cuts also caused an economic recovery like no other.