This report of a conference organised by the ASI in 1986 looks at the merits of reducing taxes. Chaired by Andrew Neil and a list of speakers which included James Gwartney, Lawrence Lindsey, George Gilder and Tom Bethell. At a time when much economic debate was and still is devoted to the relative merits of tax cuts or increased spending, the Adam Smith Institute felt that some consideration should be given to the effectiveness of tax cuts, particularly at the upper levels, in achieving greater revenues. There is now an established and documented history of the effect which tax cuts can have in increasing both the revenue yielded, and the proportion of it which is paid by upper income earners.