The Unofficial Paul Krugman Web PageProvide links for your bogus numbersAgain we see the deliberate deception of the Far Right by controlling the language. "Tax hike" means "tax hike" not "income tax hike." St Ronnie raised every kind of tax except the PROGRESSIVE income tax. Reagan raised all the regressive taxes he could like payroll taxes and gas taxes and cut the progressive income tax. As a result the total taxes paid by the wealthy went down and the total taxes paid by the middle class went up. Reagan started the destruction of the middle class.Maybe you should learn a little history geniusNo.
In negotiations with Tipp O'Neal, Reagan asked for and got SIX tax hikes.
You will not be allowed to re-write history just to make Reagan look perfect. He was not.
When Democrats or media embrace Reagan for “raising taxes X number of times,” they are usually engaging in willful obfuscation. This is because they know that when most people hear the words, “tax hike,” they naturally assume you mean raising income taxes. But tax rates (both nominal and effective) dropped dramatically across-the-board during Reagan’s tenure.
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.
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.
Paul Krugman is a certifiable lunatic

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