Ronald Reagan may have presided over the most significant tax reform effort in our nation’s history, yet historical revisionists are attempting to besmirch that legacy — while using him
as a straw man against modern Republicans.
Saying Ronald Reagan raised taxes is like saying
Michael Jordan was a guy who struck out a lot — or that he was a failed baseball player: It’s factually correct, but misleading, nonetheless.
I’ve decided to examine Reagan’s tax cuts and tax increases in order to set the record straight and end this tomfoolery.
Over the course of his two terms in office, Reagan presided over several changes to the tax code. What is important to remember — what is vital to understand — is that not all taxes are created equal
Thanks for proving my point that Reagan was a ****-up for America
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.
Not only did the top individual income tax rate go from 70 to 28 percent! — but the tax code was also indexed for inflation (this is a big deal, because inflation had heretofore pushed people into higher tax brackets — a double whammy.)
thank you sweetie
