Cut taxes, increase revenues

No matter the evidence, a large segment of the population doesn't get the Laffer curve:

The theory is really one of the simplest concepts in economics. Yet its logic continues to elude the class-warfare lobby, whose disbelief is unburdened by the multiple real-life examples that validate its conclusions. The idea is that lowering the tax rate on production, work, investment and risk-taking will spur more of these activities and thereby will often lead to more tax revenue collections for the government rather than less.

More:

• Reagan cut the highest personal income tax rate 70% to 28%; federal tax receipts went from $517 billion $1,032 billion during his 8 years
• US federal tax revenues are up $187 billion, or 15.4% over fiscal 2004;
• individual and corporate income tax receipts are up 30% in the 2 years since the Bush tax cut
• Alas, federal spending is up $110B, or 7.5%
• Budget deficit will be at least $60 billion lower than last year
• States and cities are expected to have net surpluses of at least $50 billion
• Dow is up 24% since May 2003 while the Nasdaq has risen 39%