- Thread starter
- #21
Hey child,
Please don't talk about taxes until you start paying them! Until them !
Please don't talk about taxes until you start paying them! Until them !
Toro just wrecked all other posts before him.
Btw KMAN, Ronald Reagan raised taxes many many times in office. FOUR times between 1982-1984 ALONE!
Can't forget how workers on the federal payroll ROSE 61,000 under Reagan but FELL 373,000 under Clinton.
How about the 1983 Gasoline tax? Or the closing tax loopholes for businesses which ended up being $50 billion over three years.
Reagan continued these "modest rollbacks" in his second term. The historic Tax Reform Act of 1986, though it achieved the supply side goal of lowering individual income tax rates, was a startlingly progressive reform. The plan imposed the largest corporate tax increase in history--an act utterly unimaginable for any conservative to support today. Just two years after declaring, "there is no justification" for taxing corporate income, Reagan raised corporate taxes by $120 billion over five years and closed corporate tax loopholes worth about $300 billion over that same period. In addition to broadening the tax base, the plan increased standard deductions and personal exemptions to the point that no family with an income below the poverty line would have to pay federal income tax.
So KMAN, I guess Reagan is a Liberal huh?