The REAL Reagan

Discussion in 'Economy' started by Truthmatters, Sep 12, 2010.

  1. Truthmatters
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    Taxes: What people forget about Reagan - Sep. 8, 2010



    How might Reagan fare today?
    Reagan's behavior might not pass muster with those voters today who insist their Congressmen treat every proposed tax increase as poisonous to the republic.

    "By today's standards, the Gipper would easily qualify for status as a back-stabbing, treacherous RINO [Republican in Name Only]," wrote Tax Analysts contributing editor Martin Sullivan, in an article for Tax Notes in May.

    Thanks in part to the increases in defense spending during his administration, Reagan also didn't really reduce the size of government. Annual spending averaged 22.4% of GDP on his watch, which is above today's 40-year average of 20.7%, and above the 20.8% average under Carter.

    Indeed, in one very symbolic respect he enlarged it. While in the early years of his presidency Reagan tried to shrink the IRS, by the end, the number of IRS employees hit an all-time high, according to Steuerle in his book Contemporary U.S. Tax Policy.

    The reason was two-fold, Steuerle said. The first was a desire to crack down on the proliferation of tax shelters. But the point of cracking down was to boost tax revenue. That, in turn, could reduce the need to impose other tax increases to combat budget deficits
     
    Last edited: Sep 12, 2010
  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Obama and the Democrats need to raise taxes, no doubt about it.

    They should cap all income at $100,000 for everyone and subsidize people to get them up to the $100,000 level. The Pay Czar has the power to do this and I don't know Obama is still farting around the edges
     
  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Your article left out that Dems ran Congress and lied to Reagan that they would cut spening if he would agree to their tax increases.

    Oopsies.
     
  4. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    What people forget about Reagans' two terms is that the Democrat Controlled Congress promised to cut spending but didn't. I'm sure you're shocked by this.
     
  5. Truthmatters
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    Reagan had a veto pen folks
     
  6. editec
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    editec Mr. Forgot-it-All

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    In another thread I just reminded people that under Reagan's regime, people living on TIPS got audited.

    Additionally, under REAGAN social security withholding and medicade taxes went UP for all but the wealthiest Americans.

    Contrary to the myth that most Regan worshippers believe, under Reagan taxes went UP for most people.

    To his credit, has Reagan not done that social security would be bankrupt today.

    Reagan was a lot of things but a POTUS who really reduced government spending or reduced taxes?

    That he CLEARLY was not.
     
  7. CrusaderFrank
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    CrusaderFrank Diamond Member

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    I cannot follow Progressive logic here at all

    Was Reagan evil for cutting taxes or a great man for raising them? Why do Progressive even need to refer to him? You won, remember?

    If you want to raise taxes, try to get it done before November.
     
  8. kwc57
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    kwc57 BOHICA Obama

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    You can't veto AFTER the fact. Promises were made, Reagan signed and then the Democrat Congress didn't follow thru on their promises. He couldn't retroactively veto because they didn't keep their promises. I know truth matters to you and those are the truthful facts.
     
  9. SFC Ollie
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    SFC Ollie Still Marching

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    Reagan saved this country from total destruction. We were weak and couldn't even stand up against a handful of students in Iran before Reagan was elected. He saved the US Military and thus the country.

    Taxes be damned, it seems you want to attack him for closing loopholes.

    Thank God we had Ronnie Reagan......
     
  10. Mad Scientist
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    It's not about Reagan worshiping. I understand you think it's worship because you worship men and not God.

    Me thinks the whole point of TMs' disinformation posting is this:

    The Stimulus/Porkulus failed and Americans don't want Stimulus/Porkulus II so the dems realize they have to cut taxes to get the economy moving again. They don't want to admit that Reagan or Bush was right to cut taxes (that would be admitting that Socialism/Communism doesn't work) so their plan is twofold.

    1. Spread disinformation that the tax cuts were only for the "evil rich".

    2. Introduce tax cuts as "targeted tax cuts" to fool people into thinking that those are are somehow "better" than the evil Reagan/Bush tax cuts but are essentially the same. Gore tried this in his failed 2000 Prez campaign.
     

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