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Speaker: Tax Cuts Spur Economy

RALEIGH — As recently as two decades ago the federal government routinely took the lion’s share of personal income from highly productive taxpayers. Thanks to the Reagan administration, that situation has changed, a leading public policy analyst says. Four presidents — Lyndon Johnson, Richard Nixon, Gerald Ford, and Jimmy Carter — were unable or unwilling to tame a tax burden that took more than two-thirds of some citizens’ earned income, said Stephen Moore, president of the Club for Growth in Washington, D.C., and a contributing editor of National Review. Moore was the keynote speaker at a Headliner luncheon sponsored by the John Locke Foundation on Tuesday.

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