Tax cuts for the rich?

Maybe so, if you define "for the rich" as "for increasing the number of rich people". Tax cuts improve the economy.

The results of the experiment that began when Congress passed a series of tax-rate cuts in 2001 and 2003 are in. Supporters of those cuts said they would stimulate the economy. Opponents predicted ever-increasing budget deficits and national bankruptcy unless tax rates were increased, especially on the wealthy.

In fact, Treasury statistics show that tax revenues have soared and the budget deficit has been shrinking faster than even the optimists projected. Since the first tax cuts were passed, when I was in the Senate, the budget deficit has been cut in half.

So we seem to have a nice test of a theory here. One prediction is that if we cut taxes, deficits would increase and revenues would drop. Another prediction is that if we cut taxes, deficits would decrease and revenues would increase.

We ran the experiment.

We got a result.