" The Reagan Tax cuts did a few significant things. First, it increased the percentage of the tax burden that was being carried by high income earners"
When rates are cut, but the folks at the top end up paying a LARGER chunk, that means EVEN MORE wealth was concentrated at the top.
"It also reduced the burden on lower income earners."
Not necessarily. Also: doubtful, since Reagan starting taxing unemployment, and stopped allowing credit interest to be deducted. He also put a 2% of AGI exclusion on Employee Expenses. Why 2%? So it would effectively eliminate the deduction of Union dues. (Trump raised that 2% exclusion to 100%)
"It also, literally resulted in increased tax revenues."
The guy who made that claim (Tax Cuts Increase Revenue!) was WSJ Editorial Board member Steven Moore, one of the dumbest people ever, and an advisor for the Trump code.
Turns out the claim was based on nominal dollars, not real dollars.
Year A: $1 Trillion revenue. Year B, a tax cut. Years B,C,D = under $1T; year E = $1T + $1 revenue. ("See? Tax Cuts Raise Revenue!")
No accounting for inflation, or population growth.
It's the type of basic error that'll get you flunked out of an Econ 101 midterm.
" THIS would be Lawfare, my dumb Republicans."
If you'll notice, the Republican morons crying LAWFARE can never point to a single instance against Trump, where the average person could commit the act, without fear of legal repercussions.
I've asked for an example dozens of times, and NEVER had an actual honest reply.