SUPPLY SIDE ECONOMICS:PETE STALK Congressional Testimony | March 9, 2000 | . Provided by ProQuest LLC. (Hide copyright information) Copyright

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CONGRESSMAN PETE STARK, RANKING MEMBER

THE SUPPLY SIDE REVOLUTION: 20 YEARS LATER

MARCH 9,2000

Mr. Chairman, looking back 20 years provides us sufficient evidence to analyze the consequences of economic policies implemented over that period. My hope is that we learn from our experiences and avoid making the same mistakes we made in the past.

The simple fact is that the Laffer-curve supply-side revolution was a complete disaster and American workers are still paying the price for it.

As a consequence of the 1 98 1 tax cut, tax receipts not only did not rise, as we ...

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