Can One Of You Repubs Kindly Explain Why Reagan Raised Taxes 11 Times in 8 Years?

[CrusaderFrank]

a democrat controled congress.

Boy. That was a tough one.

what was the top income tax when reagan entered office? What was it when he left?

don't you have a computer? Look it up yourself.

70/28

 

[NYcarbineer]

What was the top income tax when Reagan entered office? What was it when he left?

Don't you have a computer? Look it up yourself.

I think it was a rhetorical question, kind of like

What was the annual deficit and the national debt when Reagan took office? What were they when he left?

 

[Oldstyle]

Unlike Barry...who seems to have been out smoking a fattie instead of attending his economics classes when all this was being covered...Reagan grasped the Keynesian theory that you should only raise taxes in an economy that is doing well and not when it was stagnant.

oh my! So, your point is that Reagan embraced Keynesian policy?

Wow. Ok then.


THe longest period of growth occurred after Reagan left office.

You really don't think conservatives want to touch this topic?

If you're going to start from the premise that Reagan embraced Keynesian policies, I won't touch this topic.

I'm afraid Old Rocks simply isn't smart enough to understand the irony of what he's saying.

Modern day Repugs consider Keynes to be the equivalent of Karl Marx and don't believe raising taxes is ever a good thing, regardless of current economic conditions.

Of course, most of the ignorant, unsophisticated tea bagger dumb ***** on this board have no idea who John Keynes even is, so let's give Old Rocks some credit.

Here's the thing, KWO...if YOU actually knew Keynesian economic theory you'd know that he cautioned against raising taxes in an economic downturn. His theory was that taxes should be raised when economies were doing well...something Barry and the rest of you progressives seemed to have trouble grasping. You economic wizards somehow think that raising taxes will jump start the economy. I have no clue what you base that on but trust me...IT'S NOT KEYNESIAN ECONOMICS.

 

[Jroc]

Oh My....Ronald Reagan, the hero worshipped by all tea baggers, raised taxes 11 times in 8 years. This is a historical FACT and whining and crying about it like all tea baggers love to do will not make this historical fact go away.

Not only that, Reagan believed strongly in ending tax loopholes for the rich. Here's a quote from a speech Reagan gave in 1985 --

Golly, tea baggers....what do you have to say about this?? It appears to me that if Reagan were alive today, he would agree with Obama and the Democrats and he would be calling you deranged lunatics "crazy"!!

The tea baggers on this board ain't going to touch this topic with a 10 foot pole. Well, unless they tell their usual ridiculous lies, then they might.

Nothing wrong with raising taxes, as long as the people support it and its raised on everyone, not a singled out few.

Of course, Reagan raised taxes on the middle class wage earners and retired seniors, but cut taxes on the richest of the rich paying the top marginal rate and the Capital Gains elitists.

Wrong idiot prove it. The tax cuts were across the board, Bush's were also if you pay more in taxes you would naturally get a bigger cut, but everyone got one and more people under Reagan move into higher tax brackets upward mobility that’s what conservatives are all about liberal are just the opposite they'd like to drag everyone down

 

[Synthaholic]

A Democrat controled Congress.

Boy. That was a tough one.

The Republican House has a Democratic president and a Democratic Senate, yet they have no problem saying no.

Was Reagan too much of a RINO? Or was he too much of a weakling to stand up to the big bad Democrats?

 

[HenryBHough]

Though I'm not a republican I am somewhat of a historian (not a political party in case you knew not). But I do recall that Reagan was too much of a believer in the goodness of human nature. Each time he gave a little on tax increases he was promises whole bunches of cuts to Democrat handout programs. Of course Democrats are incapable of keeping promises but that doggone Reagan kept on hoping.

 

[Jroc]

Why Reagan couldn't even get nominated nowadays:

From his 1983 state of the union, talking about Social Security...


When the Speaker of the House, the Senate majority leader, and I performed the bipartisan--or formed the bipartisan Commission on Social Security, pundits and experts predicted that party divisions and conflicting interests would prevent the Commission from agreeing on a plan to save social security.

Well, sometimes, even here in Washington, the cynics are wrong. Through compromise and cooperation, the members of the Commission overcame their differences and achieved a fair, workable plan. They proved that, when it comes to the national welfare, Americans can still pull together for the common good.


Read more: State of the Union Address: Ronald Reagan (January 25, 1983) — Infoplease.com State of the Union Address: Ronald Reagan (January 25, 1983) — Infoplease.com

Obama and the democrats sending out talking points again

 

[edthecynic]

A Democrat controled Congress.

Boy. That was a tough one.

What did they do? Forge Reagan's signature on those bills?

They lied. Said they would cut $2 spending for every $1 of taxes raised.

This is precisely why Republicans dont trust Democrats any time they promise cuts for tax increases. They have never followed through a single time they've promised it.

Dems said they'd cut spending if Reagan would increase taxes.

oops, they lied

Only in CON$ervoFascist revisionist history did the Dems back out of the spending cuts.

What actually happened was, after Senate Majority leader Bob Dole had worked out a deal with the Dems for $25 billion in spending cuts and $18.7 billion in tax increases, St Ronnie then chopped Dole off at the knees and refused to support the bi-partisan bill, and persuaded enough CON$ervoFascist senators to kill the bill because it cut Reagan's Star Wars PORK boondoggle!!!!

That is why no honest person is stupid enough to swallow CON$ervoFascist revisionist bullshit. CON$ have never told the truth about anything or anyone in their entire existence.

 

[Kerry Won Ohio]

Nice try, but very wrong. Reagan signed into law one of the largest tax cuts in history in 1981 --

Soon after taking office in 1981, Reagan signed into law one of the largest tax cuts in the postwar period.

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

.

So did Reagan raise taxes or lower taxes? You seem unable to make up you rmind here.

Reagan lowered taxes in 1981 and then subsequently raised taxes 11 times. Is that too difficult for you to grasp, slow-learner??

At least Reagan tried to correct his mistake...unlike idiot ******* Bush. Bush passed massive tax cuts for the rich and NEVER tried to do anything to raise federal revenue, despite the fact we were fighting 2 expensive wars. Hence, Bush ended up created more federal debt than the PREVIOUS 42 PRESIDENTS COMBINED.

It's quite sad how NONE of you tea baggers can admit what a massive ****-up Bush was. If Bush wasn't such a massive ****-up, you racist ***** wouldn't have to worry about a black man currenty being in the White House...because it never would have happened!

 

[CrusaderFrank]

Is 28 >70?

 

[HenryBHough]

Really it's wrong to fault Democrats for lying.

Like sharks gotta swim and bats gotta fly all critters gotta be allowed to do the single thing they do well.

 

[CrusaderFrank]

Why are Dems lying about Reagan? I know he defeated the USSR, why can't they accept the loss and move on?

 

[Kerry Won Ohio]

The simple fact is that even raising taxes was not enough, Reagan also tripled the national debt by borrowing two trillion dollars. America also, under Reagan, went from a creditor nation to a debtor nation under Reagan. But Reagan was able to make Americans feel good, and many still believe Reagan paid off the debt, lowered taxes, reduced the size of government and built star wars.

This is the most basic of the GObP/Repub games - they accuse others of doing what they themselves are doing.

Fact is, the GObP/pubs LOVE huge government. They want lots of laws to control every tiny detail of our private lives while stealing our money. Amazingly, all the time they're stealing us blind, they're lying about it.

Exactly right about Reagan and we cannot let the pubs continue this tax and spend crap. We cannot afford any more pubs in power. The only way we can be #1 again is to stop them from selling us out.

Did you REALLY just accuse the GOP of being the tax and spend crowd? You progressives get more amusing with every passing day.

Nah, we just accused the GOP of being the no tax and spend crowd, which is far worse.

Shit, that ain't an accusation, it's a ******* undeniable FACT after 8 years of Bush and the Repug Congress that sucked his cock every day for 6 of those years.

 

[edthecynic]

Nothing wrong with raising taxes, as long as the people support it and its raised on everyone, not a singled out few.

Of course, Reagan raised taxes on the middle class wage earners and retired seniors, but cut taxes on the richest of the rich paying the top marginal rate and the Capital Gains elitists.

Wrong idiot prove it. The tax cuts were across the board, Bush's were also if you pay more in taxes you would naturally get a bigger cut, but everyone got one and more people under Reagan move into higher tax brackets upward mobility that’s what conservatives are all about liberal are just the opposite they'd like to drag everyone down

But the tax INCREASES weren't!!!!!!

Not being a CON$ervoFascist, I do not need to lie, and you've been here long enough to know I can always back up everything I post!

St Ronnie raised taxes on the middle class wage earners and retirees collecting Social Security that more than offset any tax cuts they got!!!!!!

In 1980, according to Congressional Budget Office estimates, middle-income families with children paid 8.2 percent of their income in income taxes, and 9.5 percent in payroll taxes. By 1988 the income tax share was down to 6.6 percent but the payroll tax share was up to 11.8 percent, and the combined burden was up from 17.7% to 18.4%, shifting some of the tax burden from the PROGRESSIVE income tax to the REGRESSIVE payroll tax.

The Unofficial Paul Krugman Web Page
The Great Taxer

Ronald Reagan does hold a special place in the annals of tax policy, and not just as the patron saint of tax cuts. To his credit, he was more pragmatic and responsible than that; he followed his huge 1981 tax cut with two large tax increases. In fact, no peacetime president has raised taxes so much on so many people. This is not a criticism: the tale of those increases tells you a lot about what was right with President Reagan's leadership, and what's wrong with the leadership of George W. Bush.
The first Reagan tax increase came in 1982. By then it was clear that the budget projections used to justify the 1981 tax cut were wildly optimistic. In response, Mr. Reagan agreed to a sharp rollback of corporate tax cuts, and a smaller rollback of individual income tax cuts. Over all, the 1982 tax increase undid about a third of the 1981 cut; as a share of G.D.P., the increase was substantially larger than Mr. Clinton's 1993 tax increase.


Mr. Reagan's second tax increase was also motivated by a sense of responsibility — or at least that's the way it seemed at the time. I'm referring to the Social Security Reform Act of 1983, which followed the recommendations of a commission led by Alan Greenspan. Its key provision was an increase in the payroll tax that pays for Social Security and Medicare hospital insurance.
For many middle- and low-income families, this tax increase more than undid any gains from Mr. Reagan's income tax cuts. In 1980, according to Congressional Budget Office estimates, middle-income families with children paid 8.2 percent of their income in income taxes, and 9.5 percent in payroll taxes. By 1988 the income tax share was down to 6.6 percent — but the payroll tax share was up to 11.8 percent, and the combined burden was up, not down.

 

[edthecynic]

Though I'm not a republican I am somewhat of a historian (not a political party in case you knew not). But I do recall that Reagan was too much of a believer in the goodness of human nature. Each time he gave a little on tax increases he was promises whole bunches of cuts to Democrat handout programs. Of course Democrats are incapable of keeping promises but that doggone Reagan kept on hoping.

Pure bullshit from another REVISIONIST "historian."

Here is what Dole said when REAGAN welshed on the spending cuts Dole had worked out with Tip O'Neill.

Reconcilable Differences? "d0e4234"
Dole accused Reagan of "surrendering to the deficit." "If the President can't support us, he ought to keep his mouth shut,"

 

[Kerry Won Ohio]

Overall, Reagan instituted massive tax cuts on income and capital gain AND defeated the USSR.

Overall, it's irrelevant. Regardless of whether or not this is true, Reagan raised taxes 11 times in 8 years. If he were around today, an unsophisticated stupid ******* tea bagger such as yourself would be calling Reagan a socialist and a traitor.

Overall, Obama instituted the largest middle class tax cuts in history AND got rid of Osama bin Laden.

Not too shabby, huh? I guess you plan on voting for Obama in 2012.

 

[Kerry Won Ohio]

Because raising taxes contracts the money supply and reduces aggregate consumer demand which is the quickest and easiest way to constrain inflation without spiking interest rates. Inflation at over 11% was a very real problem in 1981 when Reagan took office. Not the case when Obama came into office in 2009.

Historical Inflation Rates: 1914-2012, Annual and Monthly Tables - US Inflation Calculator

So, if tax hikes are a fiscal policy to reduce inflation....why did Reagan take office and immediately move to cut taxes?

I pointed out the same thing. I doubt we're going to get a response because we've called him on his bullshit.

 

[edthecynic]

They can't answer that any more than they can answer why they ignore the FACT that President Obama cut taxes to small business 17 times in three years and cut taxes to individuals and cut payroll taxes.

All the while, the pubs are trying to raise taxes on the poor and working class while cutting taxes to the very rich.

There's a huge disconnect here and the only explanation is that all the rw's on this forum are independently wealthy.

Or, they're just plain dumb.

They're just plain dumb, I'm afraid. The idiot tea baggers on this board are unsophisticated, ignorant peasant SUCKERS. They know rich Repugs are superior to their lowly selves and it's their PEASANT DUTY to protect the wealth of their rich Repug feudal masters, like Romney.

It's really no different than the poor Southern white trash who fought for the plantation owners during the Civil War. Nothing has changed in 150 years.

Obama thinks you're stupid.

And you'll dutifully and unthinkingly vote for him.

Gee, what a surprise! NOT!!!

DumbAssDave mindlessly parroting his MessiahRushie's worn out platitudes.

 

[daveman]

They're just plain dumb, I'm afraid. The idiot tea baggers on this board are unsophisticated, ignorant peasant SUCKERS. They know rich Repugs are superior to their lowly selves and it's their PEASANT DUTY to protect the wealth of their rich Repug feudal masters, like Romney.

It's really no different than the poor Southern white trash who fought for the plantation owners during the Civil War. Nothing has changed in 150 years.

Obama thinks you're stupid.

And you'll dutifully and unthinkingly vote for him.

Gee, what a surprise! NOT!!!

DumbAssDave mindlessly parroting his MessiahRushie's worn out platitudes.

My Messiah is Jesus Christ, Lord and Savior, the living Son of God.

And yes, Obama really thinks you're stupid.

And you live up to his expectations.

 

[Two Thumbs]

Oh My....Ronald Reagan, the hero worshipped by all tea baggers, raised taxes 11 times in 8 years. This is a historical FACT and whining and crying about it like all tea baggers love to do will not make this historical fact go away.

Not only that, Reagan believed strongly in ending tax loopholes for the rich. Here's a quote from a speech Reagan gave in 1985 --

We’re going to close the unproductive tax loopholes that allow some of the truly wealthy to avoid paying their fair share. In theory, some of those loopholes were understandable, but in practice they sometimes made it possible for millionaires to pay nothing, while a bus driver was paying ten percent of his salary, and that’s crazy.

Golly, tea baggers....what do you have to say about this?? It appears to me that if Reagan were alive today, he would agree with Obama and the Democrats and he would be calling you deranged lunatics "crazy"!!

The tea baggers on this board ain't going to touch this topic with a 10 foot pole. Well, unless they tell their usual ridiculous lies, then they might.

[ame=http://www.youtube.com/watch?v=r0yXqU-w9U0]He's Dead, Jim ! - YouTube[/ame]