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Gingrich starts off with "Reagan created 25 million new jobs by cutting taxes.
As simple search turns up:
Federal employment grew by 61,000 during Reagans presidencyin part because Reagan created a whole new cabinet department, the department of veterans affairs. (Under Bill Clinton, by contrast, federal employment dropped by 373,000). Smaller deficits and debt: Both nearly tripled on Reagans watch. Lower taxes: Although Reagan muscled through a major tax cut in 1981, he followed up by raising taxes in 1982, 1983, 1984 and 1986. In 1983, in fact, he not only raised payroll taxes; he raised them to pay for Social Security and Medicare. Lets put this in language todays tea-baggers can understand: Reagan raised taxes to pay for government-run health care.
The Real Ronald Reagan: Clearing the Myth and Finding the Truth - Page 7
Jon King said, "57% of Republicans say raise taxes on the rich". I couldn't figure out what a single candidate said in reply.
Stay tuned:
As simple search turns up:
Federal employment grew by 61,000 during Reagans presidencyin part because Reagan created a whole new cabinet department, the department of veterans affairs. (Under Bill Clinton, by contrast, federal employment dropped by 373,000). Smaller deficits and debt: Both nearly tripled on Reagans watch. Lower taxes: Although Reagan muscled through a major tax cut in 1981, he followed up by raising taxes in 1982, 1983, 1984 and 1986. In 1983, in fact, he not only raised payroll taxes; he raised them to pay for Social Security and Medicare. Lets put this in language todays tea-baggers can understand: Reagan raised taxes to pay for government-run health care.
The Real Ronald Reagan: Clearing the Myth and Finding the Truth - Page 7
Jon King said, "57% of Republicans say raise taxes on the rich". I couldn't figure out what a single candidate said in reply.
Stay tuned: