Actually, it worked exceedingly well. I mean, breathtakingly well. Basically, the economy expanded incredibly, aside from a brief and mild recession at the end of elder Bush's tenure, from the time Reagan enacted his tax cuts, to midway through younger Bush's presidency. Reagan experienced an unparalleled peacetime expansion and then Clinton broke his record.<p>We are in a recession now, but it's pretty hard to link a causal chain including tax cuts to it. In fact, we know exactly what caused our current situation, and no one thinks it was "the tax rate was too low".