so, just a real quick question, if you think the taxes were the same, would there still be a deficit? Cause you know there was before he took office. Right? you knew that?
you dont know this Gomer -
All told, the tax increases Reagan approved ended up canceling out much of the reduction in tax revenue that resulted from his 1981 legislation.
Annual federal tax receipts during his presidency averaged 18.2% of GDP, a smidge below the average under President Carter -- and a smidge above the 40-year average today.
FACT.